Good morning! Today, we talk about how investors are not giving up on Brazil — despite the looming election. How organized crime is swallowing up Rio de Janeiro. And Brazil’s worsening hunger figures.
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Brazil ranks as the world’s fourth-biggest FDI destination
Since having his political rights reinstated in March 2021, former President Luiz Inácio Lula da Silva has been a leading candidate for the presidency. And while local investors have reviled the center-left leader (oftentimes unfairly, one may argue), foreign ones see him as a more predictable figure, as columnist Oliver Stuenkel explained earlier this month.
- And the numbers show that foreign investors don’t share the same mistrust of Lula as the domestic crowd does.
By the numbers. Brazil was the fourth-largest recipient of foreign direct investment in Q1 2022, behind China (USD 102 billion), the U.S. (USD 67 billion), and Australia (USD 59 billion).
- Figures from Brazil were not available in the OECD’s Q1 FDI ranking, published in July, as a three-month strike of workers at the Brazilian Central Bank...