Brazil's economy minister says UAE to invest $10bn in his country

Brazil's economy minister says UAE to invest $10bn in his country
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Updated 18 November 2021
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Brazil's economy minister says UAE to invest $10bn in his country

Brazil's economy minister says UAE to invest $10bn in his country

The United Arab Emirates, where Brazilian President Jair Bolsonaro is currently visiting, plans to invest $10 billion in Brazil over the next 10 years after talks between the two countries, Brazil's Economy Minister said on Wednesday.

Paulo Guedes added the problem for Brazil in 2022 was not going to be low growth, but instead high inflation.