President of Brasil, Jair Bolsonaro announced that his country is open for investments, addressing bankers, investors, and executives at this year’s Davos summit.
Mr. Bolsonaro, who took the chair earlier this year, mentioned about his ‘’new Brasil’’ plan that encourages foreign investment.
The country has been slowly recovering from the economic crisis of 2016 and 2017.
International Monetary Fund (IMF) updated its growth outlook for Brasil on Monday, reducing concerns.
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