Brazil - Country Profile
The country attracts investment in sectors that are important for the sustainable development of the economy, including transport, energy, sanitation and housing. This influx of resources creates jobs and increases consumption. One of the major factors that attracts investment to Brazil is credit offered at low interest rates. One of the governments' goals is to raise the investment rate to approximately 21% of GDP in 2012.
In 2007, the Federal Government initiated the Accelerated Growth Program ("PAC - Programa Acelerado de Crescimento"), which established certain investment in logistics, energy, transport and urban infrastructure. By 2010 investments totaled US$ 371.7 billion. A second phase of the project was announced in 2010, PAC 2, which provides for the application of US$ 575 billion.
In the international arena, a report by the United Nations Conference on Trade and Development (UNCTAD) identified Brazil as one of the three leading destinations for foreign investment between 2010 and 2012. During last year the volume of direct foreign investment applied in Brazil amounted to US$ 48.4 billion, an increase of 59.1% over the previous year. The focus has been on agriculture, mining and the petrochemical industry.
Click to read the full article.