International event debates role of business in post-pandemic economic growth
Although Brazil is going through a troubled political and economic moment, the country remains a major business power. Hard hit by the pandemic, Latin America’s largest economy is now recovering. In this context, FGV Projetos and FGV Europe, represented by their directors, were present at the Brazil Summit in New York, an event held by the Financial Times on May 9, at 9 am.
Strategic economic sectors, including agribusiness, transportation and financial services, are rapidly recovering and the startup and innovation ecosystem is flourishing. The country now has more than 20 “unicorns” (startups with a valuation of at least US$1 billion that have not floated on the stock exchange).
The private sector is stepping up its commitments to sustainability and playing an active role in keeping Brazil on the decarbonization path. The country is also carrying out an ambitious investment program to attract private sector investment in infrastructure. These are all positive signs amid the country’s political uncertainty, the shock waves from the war in Ukraine and an economy that has yet to gain post-COVID-19 traction.
Luiz Carlos Duque, the director of FGV Projetos, said, “FGV Projetos’ participation in this event reinforced our role among the leaders seeking to contribute to debate about the Brazilian economy’s future direction, especially after the pandemic, as we face the challenges of high global inflation and conflicts in Eastern Europe. As the Brazilian economy moves forward, we will pay attention to environmentally and socially sustainable models.”
“FGV Europe, in partnership with FGV Projetos, supported this Financial Times initiative, which debated Brazil’s sustainable development as part of the global agenda. Our partnership with the Financial Times began in 2014, with the launch of a publication called ‘Brazil Competitive Profile.’ Since then, our relationship has evolved and encompassed various activities, from organizing roundtables with the CEOs of large Brazilian companies to producing sector reports published globally and organizing international events like the Brazil Summit,” said Cesar Cunha Campos, the director of FGV Europe.
Pedro Cavalcanti of Fundação Getulio Vargas’ Brazilian School of Economics and Finance (FGV EPGE), which produces a great deal of scientific output in the areas of macroeconomics, development and growth, making it one of Brazil’s most prolific academic institutions, was chosen by FGV to give a speech on Brazil’s economic prospects.
The event brought together senior government officials, economists, financiers and business leaders to discuss Brazil’s economic and business environment and the role of the private sector as an engine of post-pandemic growth.
To find out more about the event, click here.