Arab Today, arab today rousseff urges investors to get on brazil bandwagon
Last Updated : GMT 18:50:38
Arab Today, arab today
Arab Today, arab today

Ready for new period of growth after sputtering

Rousseff urges investors to get on Brazil bandwagon

Arab Today, arab today

Arab Today, arab today Rousseff urges investors to get on Brazil bandwagon

Brazilian President Dilma Rousseff
New York - Arab Today

Brazil's economy is ready for a new period of growth after sputtering for years, and investors should get on board now, President Dilma Rousseff said Monday.

Brazil was once the star of the world's emerging economies, posting torrid economic growth that brought many among its legions of poor into the middle class.

Its economy is the biggest in Latin America and the seventh largest in the world.

However, now it has posted only tepid growth for the past four years, and the government forecasts it will close this year with a 1.2 percent contraction.

Rousseff, visiting the United States since late Saturday, addressed a seminar organized by her government on plans for a major infrastructure program with hundreds of contracts in the offing.

"We are building the foundations of a new cycle of enhanced growth, and inflationary control measures, as well as budgetary balance, are part of this strategy," she said.

Rousseff spoke at a seminar coordinated by Laurence Fink, head of BlackRock, the world's largest asset manager.

Afterward, addressing reporters, she angrily dismissed weekend press reports back home that her campaign had accepted illegal donations in 2014 as part of a graft scandal involving state owned oil giant Petrobras. Rousseff first took power in 2010 and was re-elected last year.

With the government in the red, Rousseff pushed through parliament a series of austerity measures including a budget cut of $23.3 billion.

She also launched a program to finance the farm sector, in which Brazil is one of the world's leaders, and a $64 billion plan for major public works projects, the focus of Monday's seminar.

Brazil hopes to "encourage international entrepreneurs to take advantage of the business and investment opportunities that are emerging in Brazil, especially in infrastructure," the president said.

The United States is the top foreign investor in Brazil with a total of $116 billion and the second trading partner after China with exchanges totaling $62 billion.

After reviewing certain economic fundamentals of her government, Rousseff concluded: "we must transform the potential demand for better infrastructure into projects that are viable for the private capital."

The Brazilian program calls for construction of ports, airports, roads and railways.

Rousseff's long-delayed visit aims to overcoming strains caused by the NSA spying scandal.

She is due to meet with President Barack Obama on Tuesday.

Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rousseff urges investors to get on brazil bandwagon Arab Today, arab today rousseff urges investors to get on brazil bandwagon

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday