Temer: Investing in Brazil means growth for country and investors alike

On a dinner hosted by the World Economic Forum on Wednesday (24 January) in Davos, President Michel Temer highlighted the economic achievements of the country over the last year and took the opportunity to reaffirm that Brazil offers a safe environment for foreign investments. Check out the main highlights of the president's speech below.

Economic recovery

According to Temer, the stock market rise, which reached 83,000 points, is a sign that investors have restored their confidence in the country. "I want to invite you once again to invest in our country without fear, because investing there means growth for the country and growth for those who invest in our country".

Structural reforms

The president also stressed that balancing the public budget necessarily requires the implementation of structural changes, chiefly among which pension reform, which aims to end historical privileges and amortise the system's R$ 268 billion deficit.

"We are doing pension reform to increase credibility and confidence in our country, first, and, second, to guarantee the salaries of public servants, the payment of retirement pensions and benefits that are fundamental for Brazilian people," he pondered, adding that "with solid democratic institutions, and with the most ambitious reform agenda seen in Brazil in a long time, we are growing again, and creating jobs again".

Environment

Temer also stressed the importance of agribusiness to ensure improved economic indicators, but that its positive effects were not limited to the economy: deforestation rates have also fallen. "While there is great agricultural production in Brazil, the fact is that there is environmental preservation, also remarkable and also recognised. We are also seen as a global leader in energy, mining and environmental preservation alike".