Brazil pension overhaul could turn foreign investment flow into deluge
Long-term foreign investment of well over $100 billion a year is ready to pour into Brazil if the government passes business-friendly reforms, according to some economists, providing fuel for an economy that failed to take off following a brutal 2015-16 recession.
Brazil ranks second only to China among emerging markets in terms of drawing foreign direct investment, or FDI, in recent years. However, economists say much more capital is waiting on the sidelines and how much of that makes it into the country will depend on the passage of a landmark social security bill.
If Congress passes a stronger version of President Jair Bolsonaro’s signature economic reform, the conditions are in place for a prolonged investment boom, many analysts and Brazil watchers argue.
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