Challenges Brazil’s next president will face debated by analysts
The electoral scenario is still uncertain and political scientists are ranking the October elections as one of the most undefined in the history of the country after the re-democratization process. However, the one thing that they all agree upon is that the next President will have many challenges to overcome. The Brazilian Institute of Economics (FGV IBRE) will bring together economists, scholars and public management representatives to debate which path Brazil should take to stay on track towards economic and social development, on May 25, from 9 a.m. to 6 p.m., at FGV’s Cultural Center (Praia de Botafogo, 186. Botafogo, Rio de Janeiro/RJ).
The seminar titled “The Brazil that the next President will find” will feature four panels, built around three main themes: infrastructure, funding and public accounts. In the morning, Ana Carla Abrão, partner at the Oliver Wyman consulting firm in Brazil, will examine the Myths and false perceptions about Brazilian reality, with comments by IBRE researcher Fernando Veloso.
The second panel will address a fundamental topic for the country’s development: infrastructure. The panel on challenges and prospects for the sector will be presented by PUC-Rio professor Vinícius Carrasco and Alessandro Jorge, from Oliver Wyman. The comments will be by João Manoel Pinho de Melo, Secretary for the Promotion of Productivity and Competition Advocacy; economist Claudio Frischtak; and the Director of FGV’s Center for Regulation and Infrastructure Studies (CERI), Joisa Dutra.
Armando Castelar, Coordinator of Applied Economics at IBRE and the event, points out some of the bottlenecks that Brazil must fix to re-invest in this area and others. “There is no silver bullet in this area. However, I would highlight three measures. The first is to lower the cost of capital via a more permanent fiscal adjustment, allowing actual compliance with Constitutional Amendment 95, which set the Spending Ceiling for the federal government. The second is to reduce the uncertainty generated by the uncertainty surrounding the future of reforms and the lack of legal certainty. Finally, there is a need for a more rational tax structure and, preferably, with a falling tax burden”, he said.
In the afternoon, one of the topics on the agenda will be precisely the long-discussed Fiscal crisis and reform of the State, mainly regarding the Social Security reform. The panel will feature Ana Carla Abrão; Mansueto Almeida, Secretary of the National Treasury; Felipe Salto, Executive Director of the Brazilian Senate’s Independent Fiscal Institution (IFI); and IBRE researcher Vilma da Conceição Pinto.
The last panel will debate Credit and the role of public banks. Economist Elena Landau, Insper professor and BNDES expert Sergio Lazzarini, in addition to Abrão, Carrasco and Castelar, will discuss the most effective measures to move forward in this area.
The event is free and aimed at both professionals and students.
Go to the website to learn more and to register (Portuguese).