Among of the top goals of Brazilian government’s program are generating employment and income, reducing social and regional inequalities, and boost economic growth.
Back in 2018, the agency’s credit rating for Brazil had been downgraded to BB-. Upon reevaluation, however, it recognized the country “has achieved progress on important reforms.”
The president noted that the deals inked during his trip to China adds up to BRL 50 bi. In the Arab Emirates, BRL 12.5 bi investments were negotiated. Lula is now back in Brazil.
The president met with 13 ministers to discuss infrastructure projects. It is the government’s role, he argued, to boost investments to propel job generation and economic growth.
The lower number of companies shutting down in 2020 compared to 2019 is linked to factors like public policies helping them survive. An average firm lasted 11.6 years.