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Brazil rolls out mega concession program

Abel Halpern February 21, 2013
Minister of Finance Guido Mantega lists economic conditions, tax incentives and figures of a large underserved market to convince investors to participate in a $200 billion concession program to be announced Tuesday in New York.

“In the past seven months the Real was one of the least volatile currencies in the world. There is no need to take measures to control currency appreciation other than to leave it to float free,” Brazilian Minister of Finance Guido Mantega told Latin Business Chronicle.

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