Foreign Investors Will Miss out If They Don't Invest in Brazil Soon, Says Abilio

For businessman, country is very cheap with dollar around R$4 and may grow more than world average in 2020

São Paulo

Businessman Abilio Diniz said he does not doubt that the foreign investor will arrive. But if he or she takes too long, he or she will lose the moment of a favorable exchange.

"Brazil is very cheap. It's for sale, as I said a few years ago. They will have to come because they have no alternative in the world. Who does not come fast will lose the tram. Instead of taking that dollar against the real, it will take the momentum of the already-valued real."

For Abilio, Brazilian growth is still low but has the potential to surpass the world average. And despite unemployment, falling inflation already gives the population a feeling of better times.

Abilio Diniz. (Foto: Bruno Santos/ Folhapress) - Folhapress

What justifies the businessman's positive assessment of his first year of government is the conduct of the economy, which he considers serious and competent. He avoids positioning himself on controversies such as the CPMF, the target of prejudice, in his opinion.

Following the election of Jair Bolsonaro in 2018, Abilio sent an open letter to the president recommending that he fight the division in the country. A year later, the businessman sees Brazil polarized on the left and right, but does not believe that the freedom of former President Lula has worsened the climate of extremes.

"I don't think his leaving prison changed things a lot. He has appeared, but I think it is little," he says.

The businessman recalls that he supported the election of former president Dilma Rousseff at the request of Lula, but says that he later withdrew without public criticism so as not to disturb.

"My party is Brazil. If Lula comes in and tries to do good things for the country, I have to support. If Dilma enters, I have to support. When Temer came and started doing important things, I supported. I'm not tied to any party. I love my country." 

Translated by Kiratiana Freelon

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