Role of public companies in economic development is the theme of meeting

Irineu Frare, Director of Strategy and Market at FGV Projetos; right: Pablo Cesário, Executive President of Abrasca 
 

Fundação Getulio Vargas held a presentation of the study "The relevance of public companies in the Brazilian economy," in a meeting that brought together representatives from academia, the private sector, and public agencies. The aim was to deepen the dialogue on the importance of these companies for the sustained growth of the country and the strengthening of the capital market. 

The research highlighted the impact of public companies on the national economy, including their contribution to GDP, tax revenue, job creation, and the dissemination of good governance practices. Regulatory challenges, structural reforms, and the need to improve mechanisms of transparency and corporate communication to strengthen public perception of the sector were also discussed. 

In his speech, Irineu Frare, Director of Strategy and Market at FGV Projetos, emphasized: "In times of complex economic debates, it is necessary to shed light on the numbers. FGV Projetos believes that efficient public policies and solid corporate strategies depend on precise diagnoses, such as those conducted for Abrasca. Data such as the contribution of R$ 2.1 trillion from public companies to GDP and the job generation from these companies being 2.8 times higher than the national average, among others, reaffirm our support for initiatives that strengthen the business environment and economic development." 

Subsequently, Márcio Holland deepened the discussion on economic scenarios and ways to enhance the competitiveness and efficiency of listed companies, reinforcing the importance of the capital market as a driver of development. 

Read the complete study here.