Despite Mounting Evidence of Corruption Brazil's House Speaker Says He Won't Quit
Lower House Speaker Eduardo Cunha declared earlier this week he is fully entitled to hold...

Read more

Brazil Slashes 30% from 2016 Olympic Games Expenses
The organizers of Brazil's Rio 2016 Olympic and Paralympic Games are making cutbacks of u...

Read more

Report on Hundreds of Brazilians Disappeared During Dictatorship Finally Concluded
Testimonies of victims and their families, testimonials of political repression agents and...

Read more

US Knew About Torture and Killings in Brazil During Military Dictatorship

 Brazil's National Archives have disclosed documents which prove that the Unit...

Read more

US Judge Hears Investors Claiming to Be Defrauded by Petrobras
Brazil's state-run oil company Petrobras urged a U.S. judge to throw out an investors' cl...

Read more

Gun Kills 42,000 Brazilians a Year, One Every 12 Minutes, 24/7
The number of gun-related deaths in Brazil was 42,416 in 2012, an equivalent to five death...

Read more

Brazil's Foreign Ministry Workers Go on Strike. Up to Four Months Pay Delays
Career officials of the Brazilian Foreign Ministry, known as Itamaraty, in Brazil, have be...

Read more

Brazil's Next Presidential Election Might Be Fight Between Lula and Alckmin
On Sunday 26 October, more than 110 million Brazilians went to vote after an eventful camp...

Read more

Despite Mounting Evidence of Corruption Brazil's House Speaker...
Brazil Slashes 30% from 2016 Olympic Games Expenses...
Report on Hundreds of Brazilians Disappeared During Dictatorship...
US Knew About Torture and Killings in Brazil...
US Judge Hears Investors Claiming to Be Defrauded...
Gun Kills 42,000 Brazilians a Year, One Every...
Brazil's Foreign Ministry Workers Go on Strike. Up...
Brazil's Next Presidential Election Might Be Fight Between...

Brazilians Believe They Have Asian Tiger Blood

In a recent trip to  New York, to participate at the "Brazil & Partners: Investment Opportunities" conference organized by the Brazilian government, the Minister of Planning, Guido Mantega, underscored the need for foreign businessmen to invest in Brazil to give greater sustainability to the Brazilian economy.

"Due to budgetary restrictions, Brazil does not have funds to make all the necessary investments. Therefore, the private sector must become the chief collaborator of the Brazilian government," Mantega observed.

The Minister pointed out that the Brazilian economy offers many possibilities and, if more and more investors are attracted, it will be capable of impressive results, similar to those achieved by Asian economies in recent years.

In the Minister's view, the Public-Private Partnership (PPP) is the keystone to reducing the vulnerability of the Brazilian economy. This type of partnership will be applicable in various areas, from basic sanitation and construction to electric power.

The Minister of Finance, Antônio Palocci, said, in turn, that Brazil is experiencing a new stage of sustainable growth. He presented a positive picture of Brazil to the 676 American, Canadian, and Mexican businessmen attending the meeting in New York.

During his speech to the investors, Minister Palocci provided figures on the Brazilian economy showing that exports continue to grow, which is a source of tranquillity for the country's economic policy. "Brazil is much less vulnerable to outside shocks," he emphasized.

Palocci stated that many investors want to know whether the Brazilian government will continue in its reform efforts. The Minister explained that President Lula's leadership represents the greatest assurance that the path of fair and consistent policies is a solid and permanent one.

The Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, said, for his part, that it is worthwhile for foreign entrepreneurs to invest in the industrial sector in Brazil.

"Brazil is playing a big role in the production of the most recent generation of buses and trucks. Annual growth in this area exceeds 50 percent," Furlan announced.

According to the Minister, cell phones are another area in Brazil that can generate profits for investors. Investments in this sector will triple in the coming years, Furlan said. Brazil is currently considered the world's largest producer of electronic games for cell phones.

The footware sector is also quite promising, Furlan pointed out. This year the sector will grow 15 percent. The Minister affirmed that Brazilian exports are growing over 25 percent annually, and imports, around 20 percent.

"Many investment opportunities exist in Brazil, as well as a reliable government and competent teams. Our goal is to strive for economic growth that is competitive, sustainable, and efficient," the Minister underscored.

Agência Brasil

Who's Online

We have 3787 guests and no members online

Statistics

Users
2
Articles
17084
Articles View Hits
125370618

----------

Brazilian Human Hair

----------

Only useful paper writing tips Doing homework assignments isn't hard, all you need is our advices and help

----------

Sposamore Abiti da sposa e abiti da cerimonia economici online

----------

Get free MajorElectrico writing tips for editing your academic papers.

----------

Join my student groups to get access to free writing templates and samples.

Search