Brazil is at a critical stage in its development. The government of President Michel Temer, after suffering a political crisis in the first half of the year, is pushing ahead again with an ambitious agenda of market-friendly policy reforms and spending cuts. The economy is gradually showing more signs of recovery: inflation is at lows, paving the way for the central bank to continue to cut interest rates. Investor confidence has remained solid throughout, indicating trust in Brazil’s commitment to an orthodox reform agenda – and crucially, in the ability of Temer’s economic team to begin to rebalance public finances and restart Brazil’s recovery.
The infrastructure sector, which has long been largely closed to foreign construction companies, has been thrown open by a series of corruption investigations, leading to hopes of a new era of better governance and greater accessibility for new domestic and international players. Opportunities for foreign direct investment in Brazilian infrastructure are on the rise as a result – with a wealth of projects in ports, airports, roads, energy sectors and other areas. An increase in infrastructure investment would be a much-needed boost to the economy and drive future growth, but are investors seeing the risk-rewards? What factors should investors in and outside Brazil be taking into consideration?
The Financial Times is delighted to host this special briefing in New York to discuss Brazil’s economic growth prospects and the opportunities for infrastructure investment. Moderated by leading FT journalists, this invitation-only event will gather investors, international business leaders and senior policy makers to assess the most promising sectors for investment, the key considerations for business, and Brazil’s future development.