The Executive Secretary of the Investment Partnership Programme (PPI, in the Portuguese acronym), Moreira Franco, stated that the Japanese will start investing in Brazil again. He is a member of President Michel Temer's delegation to Japan. The visit is scheduled to end tomorrow, 19 October.

Moreira Franco participated in meetings with entrepreneurs and organisations that represent Japan's productive sector. He presented PPI to the audience and explained that Brazil's political stability is also creating a better environment for foreign investors.

'We are making an effort towards expanding investments in Brazil so that we can start growing again. We need to create more jobs', he stated. Moreira Franco pointed out that Brazil has 12 million unemployed, and that this number can grow even further if nothing is done. 'We cannot tolerate it', he said.

He recalled that the Japanese have been investing in Brazil for over 50 years, and that there are many opportunities to be explored. 'Yesterday and today, we held meetings with entrepreneurs with the aim of showing them that we are in the process of implementing a number of regulatory, financing and transparency changes', he added.

PEC 241

The executive secretary also argued that Constitutional Amendment Bill 241 (PEC 241, in the Portuguese acronym) is very important for the country to create the necessary environment to attract new investments and start growing again. The bill limits the expansion of government spending.

According to Moreira Franco, the government cannot spend more than it collects if we are to recover investment and employment, and establish an appropriate macroeconomic environment.

'We need to save, ensure legal certainty, and build confidence among Brazilian citizens and international investors', he explained.

He added that Brazil is a serious law-abiding country. He further argued that these international government visits serve to strengthen this image of Brazil, as well as recover and rescue confidence in the country.