The former President of the Brazilian Central Bank (BC), Henrique Meirelles, has today said, at a lecture at the Brazil Economic Summit, held by Bloomberg, that one of the main challenges that the country faces over the next few years is that of enhancing national infrastructure. But this is a good start, he added. Meirelles said that the investment in railways, roads, ports and airports over the next years shall be a great help in developing the economy and also continuing the good pace of expansion of the Gross Domestic Product (GDP).
In his assessment, Brazil now has a sustained growth rate which manages to stay at between 4% and 5% a year without any pressure on inflation. He feels that as Brazil has shown controlled price indices for many years now, the planning horizon of the companies throughout the economy has become much wider, which enables them to establish heavier investment plans and with longer time frames, in the country.
According to Mr. Meirelles, the strong flow of capital into the country that was recorded some years back is a clear sign of the confidence on the part of international investors, regarding the prospects for the economy in the long term. He also said that the visit of President Barack Obama to Brazil is part of the world recognition that Brazil now enjoys, considering its process of economic and social development.
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