Brazil became investment grade by Standard & Poor’s and Fitch;
Brazil became net external creditor;
Brazil has a strong record of sustained growth and improved economic stability;
GDP growth 5.4% in 2007, and is expected to continue in 2008, with estimates ranging from 4.8% to over 5%;
Brazil has one of the largest internal market in the emerging markets;
Brazil’s reforms in recent years to attract and promote private equity and venture capital;
Brazil drawing nearly 60% of the private equity capital raised for Latin America PE funds in 2007;
Brazil has a lot of opportunities in clean energy, agribusiness, agrotechnology, service, TI.
- The Sao Paulo Stock Exchange (Bovespa) experienced rapid growth between 2005 and 2007, due in large part to the introduction of corporate governance reforms through the Novo Mercado. The Novo Mercado, initiated in 2004, is a classification featuring voluntary corporate governance guidelines that go beyond Brazil Securities Commission’s (CVM).