Brazil-President speaks on credit crunch.

BRAZIL.

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Brazil’s Lula da Silva on Saturday, demanded that major reforms of the international financial system, include strong input from large emerging nations and said the collapse of the world banking systems hurting the worlds poor.

to "Those who have the least stand to lose the most from the credit crunch that has slammed business from Brazil China", the president said.

Millions of people in developing countries have suffered as a result of the world wide credit crisis, that began in the United States and Europe.

In Brazil farmers are already planting less soy, meat exporters are stock piling meat as credits are not coming through from buyers.

Lula da Silva complained, " foreign investment funds are withdrawing their assets in the capital markets of the emerging countries, to cover losses they have made in their own first world markets".