Brazil’s Temer Urges Further Investments in Country

Admitting the country does not have 'very solid institutions', President says any factoid can shake institutions.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s President, Michel Temer, urged investors on Monday not to let minor issues or news dissuade them from investing in the country. According to the President ‘institutional instabilities’ are temporary and will soon dissipate.

According to Temer, foreign capital is eager to apply in Brazil, but since Brazil ‘does not have very solid institutions, these (issues/news) shake institutions’.

“So the investor gets a little scared, be it the national investor, and much more, the foreign investor. But these instabilities are fleeting. And they cannot be taken seriously,” urged . . .

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