The second day of an international trip to the United States is investment dependent

State delegates to the United States for international work began Tuesday (7/8) at the U.S. Council in New York. In a private meeting, the Governor was welcomed by Brian Winter, Vice President for Public Policy of the American Council and Editor-in-Chief of the American Quarterly.

The main theme of the meeting was a kind of accountability. This is because shortly after taking over as executive chairman of Rio Grande do Sul, he was governor of the U.S. Council in 2019, highlighting the challenges he faces during his administration.

“After coming here to tell us what we want and what we want to do in our state in 2019, it is a great pleasure to come back and show what we really did. We had to talk about a state that did not pay, had no investment capacity, raised taxes, the RS was often quoted because of problems, difficulties, this is an example of a broken state. We’re back, “the governor explained.

Over the past three years, after a series of in-depth administrative and social security reforms and privatization and concessions process, the state government has been able to resume timely payments to government employees and suppliers, streamlining monthly transfers to municipalities. Health and investment planning. Since June 2022, the state has announced investments of more than BRL 5 billion in strategic areas. This amount will be used until the end of 2022.

“The amount of investment we make in the Rio Grande do Sul always attracts everyone. When we pointed out that government investment in public security has more than doubled in the last 13 years, everyone was very impressed and the RS was named for its solutions. Undoubtedly, it attracts the attention of investors because. “Above all, we are a strong state,” Leite said.

In addition to presenting the current financial situation of the RS, Leite and a group of US Council members also discussed national political issues.

In addition to Governor Leid, secretaries Marco Aurelio Cardoso (farm), Leonardo Pusato (allies), Order Lemos (Gaza Civil) and Claudio Castell (planning, administration and management) attended the meeting.

Leany Lemos, Acting Director, Extremo Sul Regional Development Bank (BRDE), State Attorney General, Eduardo Cunha da Costa; Also participated.

International Banks

This Tuesday (8) half of the morning and part of the afternoon were devoted to meetings with international banks: Bank of America and Goldman Sachs. Allotted, each meeting lasted approximately one hour and aimed at providing a portfolio of current investment opportunities and the opportunity to search for records in the current market environment.

“Being in New York is an opportunity to talk to the world’s leading investment banks to present our portfolio. As these banks have contacts with investors from around the world, we can report on what has already been done to balance state accounts and how the RS is transforming itself into a specialized investment environment for banks and investors. We can put the RS in the most appropriate way, ”the governor said.

In addition, Lead and the group of secretaries who accompanied him were able to talk about the appearance of banks in the “investment market mood”. As the world is still dealing with the epidemic and its consequences, with the inflation created during that period and now, the effects of the war between Ukraine and Russia.

“That means investors are waiting, we have investments, so it changes the market mindset from the situation we expect when we put our assets in the market. These are investment banks that talk to investors around the world and help us understand how much our portfolio needs to change compared to what we originally planned,” he added.

This Wednesday (9/3) is the first agenda working meeting of the Governor and delegation to Washington D.C., followed by lunch with Brazilian Ambassador to the United States Nestor Forster Jr.

_{Text: Susie Skorton
Editing: Marcelo Flach / Secom}