• Categories
  • Archives

Brazil Counting on US$ 18 Billion in Foreign Investment This Year

Foreign direct investments in Brazil amounted to US$ 859 million in February, according to the Foreign Sector Report released Tuesday, March 21, the Brazilian Central Bank (BC).

This result is "very significant," says Altamir Lopes, head of the BC’s Economic Department.

He pointed out, however, that the outlook for this month is even more promising, due to the situation of economic stability and the decline in the country risk premium.

He believes that foreign investments in the productive sector will attain around US$ 1.2 billion this month, and he announced that, in light of the "general improvement" in the economy, the BC has raised its estimate of the influx of foreign investment for the year from US$ 16 billion to US$ 18 billion.

In Lopes’ view, the favorable situation in foreign accounts and the country’s economic stability are factors that serve to attract foreign investment, to the extent that, as of Monday, March 20, foreign investments this month already stood at US$ 850 million.

Market surveys indicate an increase in intentions to invest in the productive sector, he added.

The fact that the year also got off to a good start in terms of the trade surplus (exports minus imports), which was 10% higher than it was last year over the same period, led the BC to revise its projection, as well, for this year’s trade surplus, from its initial estimate of US$ 35.5 billion to US$ 39 billion, closer to the US$ 40 billion anticipated by exporters.

Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    well..
    Those investors will soon experience the incredible amount of bureacracy as well as those asking for bribes at every corner!! Would be interesting to see the statistics of those companies making a foreign investment in brazil that decide to pack up shop and go home after 2-3 years!

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Holds Series of Raids to Embarrass Foreign Whore-Chasing Tourist

For this week, Brazil’s Federal Police in the northeastern city of Natal, capital of ...

Brazil Goes After France’s Technology to Build Its First Nuclear Submarine

Brazil wants to become the first country in Latin America to have a nuclear ...

Multinationals Helped Brazil’s Dictatorship Intimidate and Kill Workers

Major US and European corporations collaborated intimately with Latin American military dictatorships in the ...

Benchmark Rate Goes Up 8th Time in a Row in Brazil

Latin American equities leapt on the session, although trading was somewhat lighter, as Brazilian ...

Brazil Donates Vaccine for Paraguay’s Anti-Rabies Campaign

Paraguay has begun vaccinating some 90,000 cats and dogs for rabies using Brazilian vaccines. ...

Brazil’s New Temporary Measure Casts Fear on Market

Published yesterday, October 22, in the Diário Oficial (Federal Official Gazette), the Temporary Measure ...

Higher Interests in US Lower Brazilian Shares

Latin American markets returned early gains, following U.S. markets lower, after a U.S. Federal ...

Brazil Raises Half a Billion Dollars Selling Global Bonds

Brazil's foreign exchange reserves, which totaled US$ 239.271 billion as of the 14th this ...

Trade Unions from 27 Countries Gather in Brazil to Trade Ideas

Tunisian General Labor Union’s secretary general, Abdessalem Jerad, and the assistant secretary to the ...

Brazil’s Light For All Served 375,000. There Are Another 625,000 In Line.

Since its implantation in 2003, the Light for All Program in Brazil has created ...