The country's former central bank governor spoke about what Brazil needs to jump-start its economy. ... Play Video
Arminio Fraga spoke to AS/COA President and CEO Susan Segal about Brazil's current economic scenario and what lies ahead. The former Brazilian Central Bank governor, partner at Gávea Investimentos, and economic advisor to presidential candidate Aécio Neves said the country needs to "change its mindset" about macroeconomic policies, providing clear guidance to the private sector to increase production. The country must also invest in infrastructure and education, he said. According to Fraga, "the government doesn't need to do everything. It just has to provide proper rules and stick with it."
Fraga highlighted the need to improve elementary education and said the next government needs to increase investment in social services. Other priorities include lowering inflation, promoting fiscal discipline to lower interest rates, and passing tax reform.