Brazil Is Back in the Game, Bolsonaro Will Tell Davos Investors
- Government eager to turn page on corruption and recession
- Economic team to present list of investment opportunities
Jair Bolsonaro
Photographer: Andre Coelho/BloombergThis article is for subscribers only.
President Jair Bolsonaro will debut in the World Economic Forum of Davos this year with a mission -- to present a new Brazil, more open to trade and foreign investment.
Investors will listen for sure. Prospects that the world’s ninth-largest economy may become more business-friendly sounds like music to the ears of oil executives and portfolio investors alike, after more than a decade of interventionist policies from previous governments. Even after a 20 percent rally over the past four months, the main index of the Sao Paulo stock exchange is still 40 percent below it’s all-time high in dollar terms.