The president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, said today (28), in the capital of São Paulo, that the result of the municipal elections, with 80% of mayors having been re-elected, demonstrates the “satisfaction of the people” with the current situation in the country. For Mercadante, the big message that came from the polls is the “continuity of current administrations”.
“The result of the election is that 80% of the mayors were re-elected. This shows people’s satisfaction with city halls and with life, with jobs and income. City halls have more resources to implement public policy, education, health and urban improvement. The result of the election was continuity”, said Mercadante, during the opening of the seventh edition of the Brazil Investment Forum, which takes place today (28), in São Paulo.
The president of BNDES highlighted the current political moment as important for the country’s stability. “In this municipal election held in more than five thousand municipalities, there was not a councilor or mayor who questioned the electronic voting machine. And no one invaded city hall. We are experiencing a completely peaceful and peaceful atmosphere.”
The Minister of Agrarian Development and Family Agriculture, Paulo Teixeira, agreed with Mercadante and highlighted that the results of this year’s municipal elections have demonstrated a decrease in polarization.
“We are living in a democratic regime and yesterday’s elections were very important, because they took a step towards detente in Brazil. We were experiencing high polarization that was the high point of the 2022 elections and the next moment, with January 8th. But yesterday’s elections helped to add water to the boiling point of this polarization,” he said.
“We are experiencing a full democracy in Brazil, a growing economy and also in a place in the world without such serious problems as we see in the Middle East and between Russia and Ukraine. Brazil is a country with many problems yet to be resolved, but also with enormous potential”, added the minister.
Among these difficulties, Mercadante highlighted, is the tax issue. “We have a fiscal problem. The country will have to make adjustments to public accounts. We have to place the investment grade target as a fundamental target – and it is very close to being achieved”, he stated.
For the president of ApexBrasil, Jorge Viana, Brazil needs to reach this level of investment to be able to attract foreign investment.
“Large international funds do not invest in the country if it is not investment grade. If Brazil resumes this, which we have had before, we will have a strong entry [de investimentos estrangeiros]”, he said. He bet that by next year Brazil will achieve this goal and then, by 2026, according to his calculations, it could reach US$ 1 trillion in this trade flow. “We are entering the ‘trillionaire era’.
