Brazil Back On Course

first_imgBrazil’s President Michel Temer gestures as he speaks during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 24, 2018 REUTERS/Denis BalibouseBy Michel Temer, President of the Federative Republic of BrazilOn this Wednesday, I will set out on my first 2018 international activity. I will be participating in the World Economic Forum in Davos, Switzerland. It will enable me to address a global audience comprising political leaders, business men and women, opinion makers, at various points during the Forum. Once again, I will be speaking about the reform program which has been transforming Brazil.We have turned the page of the economic crisis because we were able to say no to populism and acted responsibly, moved by a long-term vision, our government has been building, through a permanent dialogue with the National Congress and the society, the foundations of an efficient state which provides its citizens with quality services within a balanced budget. These also constitute the foundations for sustainable growth, indispensable to advance the development of Brazil and effectively remove millions of Brazilians from poverty.In a little less than a year and a half of management, in practical terms we have corroborated our commitment to fiscal balance. The results are here. Inflation has fallen and it is once again under control. The exchange rate has been stabilized.  The interest rates have shrunk to their lowest historical levels.  It was with achievements and not voluntarism that we succeeded in restoring the confidence in the Brazilian economy – confidence which has already been reflected upon the increasing industrial activity, the vitality of foreign trade and renewed job creation.The investor who observes Brazil today is able to see a government working with precise diagnostic, applying solutions which actually work. They will note that it is an administration engaged in making the business environment ever more dynamic.  Everywhere, we have been removing bureaucratic obstacles, which used to obstruct the pathways for entrepreneurs – it has become easier to start a business, import and export.The modernization of employment law, which has already come into force, is a particularly relevant milestone in our efforts to tune Brazil into the realities of the current economy, without affecting workers’ rights. On our horizon, a tax simplification is still to come in order to make tax payments swift and rational.  In all of those actions, what the trend heralds is a Brazil where there is an ever increasing economic freedom.Public accounts in good order and a competitive private sector are essential for sustainable growth as much as is quality infrastructure, consonant with the vast economic potential of our country. That is why, in Davos, I will be presenting the various opportunities of the Advancing Partnerships Program (‘Avançar, Parcerias’), comprising Federal Government concessions and privatizations.The model which we have instituted offers clearly defined and stable rules, assuring legal security. It is not by chance that it has been attracting attention throughout the world.  To date, we have completed over 70 projects including roads, ports, airports, power transmission lines, gas and oil fields. Investments have been estimated at R$ 142 billion. In 2018, there will be another 75 project proposals, which also include railways, likely to attract over R$ 130 billion.The reform will strengthen the credibility of the economy, enabling it to join in an enduring growth cycle.The changes which Brazil has been undergoing, which have indeed better prepared it for the 21st century challenges, are not exhausted at the domestic level. In the foreign area, we have acted in the spirit of openness, considering that it is fallacious to think that there can be development in an environment of a closed economy in the current world.Our endeavor in achieving more and better integration begins in our region, in the Mercosul: jointly with all of the other partners, Brazil has been setting in motion a program, which advances free markets as one of its key pillars. In addition to removing inter-block trade barriers, we have been fostering a rapprochement with the countries of the Pacific Alliance.For the first time in twenty years, we have a realistic perspective to conclude the Mercosul-European Union trade agreement – an agreement which we wish to be wide-ranging and balanced, and which is truly able to cater for the interests of the Brazilian society. In addition, we have been opening new negotiation fronts with partners from a variety of quarters.An undeniable fact for those who keep a sense of objectivity is that Brazil has already traveled a long way under our government, and at speed. We have achieved a great deal, always on the basis of dialogue, the raw material of democracy; with a genuine disposition too, aimed at bringing alignments closer together and articulating efficient solutions for the needs of the country.The challenge which remains now, and to which we are fully committed, is the Social Security reform. At Davos, I will ratify my commitment to a fair and sustainable social security system able to correlate with the demographic evolution of our population. This is a commitment which I renew, firstly, before the Brazilian people, and particularly the less privileged; after all, the system as it is, transfers income from those who have less to those who need it the least.The reform will abolish privileges and will ensure the payments of all current and future pensions.  It will reinforce the credibility of the Brazilian economy enabling it to join in a lasting growth cycle.Bravely and with renewed resolve, we have been facing the issues with which the historical juncture presents the whole nation. I am left without any doubt whatsoever, that once again, the challenges will be overcome and common good prevail.Brazil is great country which garners assets of all sorts. It is a consumer market with over 200 million people, with abundant natural resources.  Our people are creative and hard-working. We have got a diversified industry, a highly productive agriculture. Our energy matrix is one of the cleanest in the world.We are a country with continental dimensions, located far from geopolitical tensions. These are the reasons which have always made Brazil an attractive destination for investors. In recent times, the problem was that the country had somewhat lost its bearings.Well then, what our government did again was to bring Brazil back on course. From the outset, we were clear about the course which we ought to follow: the course of responsibility, of openness, of freedoms. And we will not divert from such a course; neither will we divert ourselves from it.This is the message which I have conveyed to the Brazilian people and which I am taking to Davos.Editor’s note:  This article is a speech presented by Brazilian President Temer at the World Economic Forum in Davos, Switzerland, and is published in the Daily Observer in order to provide cues that leaders can use in their economic reform programs.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


first_imgControversial Donegal chef Conrad Gallagher has quit Ireland again – leaving another trail of debt behind him.Just a year after returning and setting up restaurants in Dublin and Sligo, the Letterkenny chef has emigrated to America.And not for the first time a number of his suppliers claim they have not been paid. Gallagher left Dublin just before Christmas with his wife Candice and their two children.He has set up home in Los Angeles where he is listed as a ‘restaurant consultant.’However not everyone is sad to see the back of him.Maurice Kettyle of Kettyle Meats in Letterkenny claims Gallagher, from Hawthorn Heights, owes him about €7,000 for produce he supplied to his restaurants. “He has conned the country again. If I was broke I couldn’t afford the airfare to LA let alone set up a new life there.“There were two big deliveries that went unpaid, it was about €7,000. The cheque bounced.“I contacted him a number of times and it was the same old story. Now I hear that he has left the country.“It is difficult enough to do business without this type of behaviour. I don’t know how he can take in money and not pay his debt, signs, staff and suppliers,” fumed Mr Kettyle. DONEGAL MEAT COMPANY’S FURY AS CHEF CONRAD QUITS IRELAND was last modified: January 29th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:chefConrad GallagherKettyle Meatslast_img read more