A Bright Future for Business in Brazil
For investors interested in Brazil the past few months have been exciting. The Temer administration continues to implement significant policies to increase investments and productivity in the country. Regulatory agencies have been transformed to improve governance and budget independence, there is a newfound prevalence of negotiation over once draconian labor legislation and the country’s famously protectionist tax system is in the process of being completely redesigned. For the first time in four years, the Central Bank has begun a rate-cutting cycle in October that trimmed its benchmark-lending rate to 14% from 14.25%. The Brazilian government has even launched the first package of 34 new infrastructure concessions that span across the agriculture, energy and transportation sectors.…