Alana Gandra
Reporter - Agencia Brasil

Rio de Janeiro – The President of the National Association of Financial Market Institutions (ANDIMA), Alfredo Neves Penteado Moraes, defined as a "great progress" the government’s temporary executive order (Medida Provisoria, in Portuguese - MP) number 281, which exempts from tax foreign investments in the country.

Moraes believes the MP is stimulating a greater participation of foreign investors, for improving investment conditions. The MP 281 was based on a proposal designed by ANDIMA, that was presented to economy authorities by the end of last year. Moraes praised the government, especially the Secretary of the National Treasury, Joaquim Levy, for realizing how adequate the idea was and for having had the ability to make it feasible.

Translation: Andréa Alves