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LATIN AMERICA: "Argentina vehicle production jumps 15.5% for August (2016)" report

LATIN AMERICA: "Argentina vehicle production jumps 15.5% for August (2016)" report. 10-page report by ADEFA.

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back to index backLATINtalk March,  2017


Brazilian Government Tries To Attract $120 Billion In Foreign Investment

Brazil expects to attract foreign money by lifting some regulatory barriers.

Since Brazilian inflation rates are more or less under control, the federal government has decided to launch a program to inject over $120 billion into the economy over the next decade. The government wants to lift some barriers and facilitate foreign investment in Brazil.

According to Brazil’s Secretary of Planning and Economic Affairs, some measures are already in motion. They include new, easier rules for foreigners who want to buy land in Brazil. That new framework alone could bring $23 billion in new money.

The central pillar of the program concerns the oil industry. In the past, international companies resisted working in Brazil due to the country’s strict rules. Companies who use Brazilian suppliers receive advantages in bidding processes. However, that raises production costs and, sometimes, lowers productivity, since Brazilian companies do not always have state-of-the-art technology.

With more flexible rules, the government expects almost $77 billion in investments by oil companies.

Less regulation, more money?

Since taking office back in May 2016, President Michel Temer has tried to lift some of Brazil’s regulatory framework. The government believes that the country’s strict rules scare investors – and they’re not wrong. To recover pre-crisis investment rates, Brazil needs to invest at least $56 billion per year.

The federal administration wants to invest in infrastructure, a glaring need for Brazil. In a country as vast as Brazil, the lack of adequate transportation routes for both cargo and passengers costs money and hinders the country’s growth.

Michel Temer’s administration wants to attract private ventures to invest in railroads and water transportation. After all, Brazilian roads cause losses of roughly $900 million per year in logistical costs.

Source: plus55.com
- GAI






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