Silva and his cabinet partly followed the leadership of the previous government and renewed all agreements with the International Monetary Fund signed until Argentina defaulted in 2001. In the first two years, his government achieved a satisfactory primary budget surplus, as outlined in the IMF agreement, exceeding the target set for the third year. At the end of 2005, the government fully repaid its debts to the IMF two years earlier than planned.  Three years after the elections, Lula had gained slowly but firmly in confidence and sovereign risk indices fell to about 250 points. The government`s decision to choose inflation targets kept the economy stable and was praised at the World Economic Forum in Davos in 2005. The United States and Brazil have a centuries-old history of economic, political, social and cultural interactions. Most aspects of ongoing bilateral relations are anchored in important agreements negotiated over the years between the two countries. Below are the recent bilateral agreements between the United States and Brazil on important issues. The agreement would have involved the construction of a building for the Lulas Institute and an apartment for commercial purposes. On June 9, 2019, The Intercept published telegram messages that were leaked between Lula`s judge, Sérgio Moro, and The Attorney General of Operation Car Wash, Deltan Dallagnol, in which they allegedly conspired to charge Lula in order to prevent his candidacy for the 2018 presidential election.    Moro was accused of lack of impartiality in Lula`s trial.
 As a result of these revelations, the Supreme Court decided to resume the trials.  Moro denied any misconduct or judicial misconduct in connection with Operation Car Wash and its investigation against the former president, saying that the conversations disclosed by The Intercept had been misrepresced by the press and that discussions between prosecutors and judges were normal.  Moro became Minister of Justice and Public Security after the election of President Jair Bolsonaro, and it is controversial whether an agreement was in effect before Bolsonaro`s election. President Lula Inacio da Silva met with Iranian leaders on Sunday to push for an international agreement on its controversial nuclear program. The United States and Russia warned that the visit was Tehran`s last chance to avoid further U.N. sanctions. AFP – Brazilian President Luiz Inacio Lula da Silva arrived Sunday at a nuclear summit in Iran that could prove Tehran`s last chance to avoid new U.N. sanctions, according to major powers. Before his trip, Lula told reporters in Moscow that he was “optimistic” and hoped to convince Iranian President Mahmoud Ahmadinejad to reach an agreement with the West. Iran has rejected a united Nations proposal abroad on enriching the uranium it needs for a nuclear research reactor. The West fears that Iran wants highly enriched uranium to make a nuclear bomb, which Tehran vehemently denies. We have received many proposals and we are considering them,” Iran`s nuclear chief, Ali Akbar Salehi, told local media on Saturday. There is a willingness on both sides to solve the problem and things are moving positively,” he added, without elaborating.
Foreign Minister Manouchehr Mottaki, however, suggested that Iran was still not ready to escape its stubborn stance. We hope that the parties (participating in the talks with Iran) will bend to reality and choose the right path,” Mottaki said in his Saturday reports. Russian President Dmitry Medvedev said the Brazilian president`s talks with Iran “could be the last chance before appropriate decisions are taken within the framework of the Security Council.” It came after a senior U.S. State Department official told reporters on condition of anonymity that Lula`s visit was considered “perhaps the last major engagement shooting.” In the past, Lula has defended Iran`s nuclear activities and said that Teh