Davos Investors Show Confidence in Brazil

Executives still show concern about reforms and environmental issues


Brazil's presentations during the World Economic Forum in Davos, received significant support from foreign investors this year. More than 50 company executives confirmed their presence at the presentations to asses the first year of Jair Bolsonaro's government.

Bradesco's president, Octavio Lazari, who has already held 12 of the more than 25 meetings scheduled by the bank during the event in Switzerland, notes a resumption of confidence in the country.

"The feeling that we perceive from investors is that there is a little more confidence in Brazil. What needs to be done is that reforms go fast," he said.

A logo of the World Economic Forum (WEF) is pictured during a session in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse - REUTERS

The banker André Esteves, a partner at BTG Pactual, who also went to Davos, says that after 33 meetings over three days, in parallel to the forum, he identified an improvement in Brazil's image among foreigners.

"The feeling at Davos is that Brazil is back in fashion," said Esteves.

He pointed out, however, that the country needs to be alert to the environment, which sets the tone for the discussions in Davos. "We are managing the economy so well; we cannot skid in that part," he said.

It drew attention that almost half of the 60 participants were the presidents of large global companies that need to understand where Brazil is going before defining the size of the presence in the country in the coming years.

Translated by Kiratiana Freelon

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