Conference announced to promote Brazil’s investment potential
A new annual conference will be launched this month, aimed at promoting Brazil’s wealth of investment opportunities.
Itau Securities, which is part of Brazil’s largest bank by market cap Banco Itau, is organising the event themed "Connecting Global Investors with Brazil’s Opportunities", to be held in Dubai on January 22nd.
Thomas Decoene, president of Itau Securities, said: "The country’s growth potential and favourable economic conditions have stimulated foreign direct investment [FDI] to the extent that it is one of the largest single markets for attracting FDI in the world, with two per cent of the total global allocation.
"Inflation in Brazil continues its downward trend which started in the early 1990s. In 2007 it was 4.5 per cent and should remain at that level for 2008. This low rate of inflation has generated stability and attracted foreign capital."
He added that Brazil’s initial public offering market in 2007 represented 11 per cent of the world’s initial public offering market.
Mr Decoene’s comments follow advice from currency experts HiFX, last week who recommended that property investors consider Brazil after news that the Spanish property market, previously a favourite with Brits, is slowing down.
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