Following structural reforms and the change in course in the economy, Brazil has entered a new growth cycle and has the potential to grow from 3% to 3.5% without affecting inflation. The assessment was made by the Minister of Planning, Development and Management, Dyogo Oliveira, in a speech to Spanish businesspeople.
For the minister, the country has been creating the bases for development, which reduces investment risk. "We have started a great cycle of growth, and if you want to be a part of it, you have to come to Brazil," he told entrepreneurs in Madrid, Spain.
The privatization of the Docas do Espirito Santo Company (CODESA), aiming at modernizing its port management, attracting investments and improving the operation of the sector, has adherence to the sectorial policy and the Federal Government's guidelines for seeking investments in infrastructure through Partnerships with the private sector. The studies that involve the definition of the privatization model and contract guidelines will be contracted by BNDES.
Brazil: President Michel Temer's government launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy.
The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.