Owning the largest share of foreign investments in Brazil, US companies expect the government of Michel Temer to bring stability, promote structural reforms and present a clear path – short and long term – for the country, but the ambition is accompanied by concern that executives will face resistance in Congress to implement many of the changes they deem necessary. “Foreign investors crave stability,” said Thomas McLarty, President of the American Section of the Brazil-US Business Council, the premier advocacy organization for U.S. companies in Brazil. McLarty went on to say the private sector expects the new government has a “certain level of ambition” in tackling the economic crisis, which can only be achieved with the solution of the political crisis. “At this important moment, it is our belief that three fundamental priorities are of the utmost importance to spur sustained growth: increase trade, secure investment in infrastructure, and improve the ease of doing business in Brazil,” said Casia Carvalho, executive director of the Brazil-U.S. Business Council.
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