For someone looking into Brazil’s banks from the outside, they may be confused by what has recently happened. It came as no surprise that Brazil’s banks were suffering from lack of economic growth due to Dilma Roussef’s populist policies. What may be surprising is that Brazil’s two top private banks saw rises by one-third during the economic troubles.
To many people, the banks may appear to be doing something illegal, but Igor offers a simpler explanation. According to Igor, banks that operate in the private sector have started lending only to borrowers who they believe has the most worthy credit. It is a way for the banks to do business and survive by providing them with some sense of security during troubled times. By private banks looking at only the most worthy, people who aren’t at the top of the ‘acceptable’ list must resort to public sector banks, use their own money, or just halt any business plans they may have and that’s what causes the economy to lock-up like it often does.
Igor Cornelsen believes that the government could easily fix these problems by implementing more market-oriented reforms and fiscal austerity. Brazil has a lot to offer investors, but many are concerned about the instability of Brazil’s economy. Igor explains that there are a few things investors need to know before bringing business to Brazil. Firstly, Brazil has ten major players. Brazil is one of the largest economies in the world and the largest in South America and all that power is held by 10 privately owned banks.
Secondly, Igor believes that some fresh faces could turn things around for the better. Those who have been running Brazil have been doing a terrible job, not to say that they haven’t been creative. Many have been basing their plans on ideals rather that rational thinking. There’s a new generation of leaders leading in Brazil, and they seem to be positive influences. He also believes that Brazil could learn a lot from China. Yolasite has more information, but Facebook is the best way to contact Igor.