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Temer says Brazil has no 'Plan B' for fiscal reform

Staff Writer | May 31, 2017
Brazil's President Michel Temer said that his government has no alternative "Plan B" for its drive to bring the budget deficit under control, while improving economic indicators will allow interest rates to fall further.
Michel Temer
LatAm   More than 40 countries in the Brazil Investment Forum 2017
Speaking at an investment forum, Temer said his government has not given up on its commitment to fiscal reforms, dismissing speculation that less austere measures are being considered in the face of a political crisis fueled by corruption allegations.

Representatives from more than 40 countries and 22 economic sectors confirmed their participation in the Brazil Investment Forum 2017 (FIB), which opened its doors today in Sao Paulo.

The two-day event, organized by the Ministry of Planning, Development and Management, the Brazilian Trade and Investment Promotion Agency (Apex-Brazil) and the Inter-American Development Bank (IDB), will bring together some 1,400 business executives, political leaders and academics.