Lula’s government can provide predictability, and markets are calm, says André Esteves

The president of BTG Pactual, André Esteves, said this Thursday (18), on the penultimate day of the World Economic Forum meeting, that Brazil has the scale, institutional structure and certain predictability to be an attractive market for international investors in the current geopolitical context. .

The banker participated this morning in Davos in the panel “Without losing sight of Emerging Markets”. At the end of the session, he spoke about the “intrinsically very strong” qualities that the country presents at the moment when President Lula begins his third term.

“Brazil has a unique opportunity to position itself in this world undergoing restructuring. It is the largest exporter of food, exports energy, ore and has an internal market with scale and strong institutions,” he said.

From the political point of view, he pointed out that “the transition of power happens normally, in transparent elections in one of the most efficient electoral processes in the world, if not the most efficient”.

Regarding the new Lula administration, Esteves assesses that “the government has all the conditions to provide predictability”, taking into account campaign commitments and also the profile of President Lula, Vice President Alckmin and the Minister of Finance, Fernando Haddad , “who during the City Hall of São Paulo was fiscally very responsible”.

Esteves bets that the markets tend to calm down with the new PT administration in the Brazilian economy. “I think the natural development will be for markets to understand.”

According to him, it is something worthy of pride that “we passed without volatility” through this electoral process. “The volatility that was seen came more from the external market than from the internal one, which I see as very positive”, he stated. “The markets are calm, without great volatility.”

Esteves declined to comment on the Americanas case.