Positive agenda for the capital market mobilizes entities

Print Friendly, PDF & Email

The positive agenda aims to contribute to the improvement of the regulatory environment, to foster the expansion of long term private financing sources and to attract resources for production investments in Brazil.
Representatives of entities that operate in the Brazilian capital market have established the GT Interagentes, group that will be coordinating the debate and preparing a positive agenda that, by means of the development of the local capital market and by fostering long term private investments, is able to help improve the competitiveness of the Brazilian economy.
“All GT’s institutions seek to contribute with the development of the capital market. Individually, each entity has its own agenda of initiatives. GT provides a forum so that we can build a common agenda. Also, it will be an interlocutory channel with all governmental spheres,” says Sandra Gueera, the group’s coordinator and chairwoman of the Board of Directors of Instituto Brasileiro de Governança Corporativa – IBGC (“Brazilian Institute of Corporate Governance”).
The Brazilian economy needs to realize investments of some R$ 3.8 trillion in the 2013-2016 period, a volume 29% higher than that in the previous four-year term. The increase in investments must be also followed by an increase in and diversification of financial sources. “We already have a dynamic capital market that is able to respond to this need. It is a valuable asset to help the country make the investments we need feasible. Our first step was to present a diagnosis of the role played by our capital market to the public sector’s representatives,” Sandra states.
In August, a diagnosis of the financing needs of the Brazilian economy and the role played by the capital market was introduced to a number of representatives of the National Congress and the Executive and Judicial branches by GR members. “To realize the growth potential of the Brazilian economy is a concern of representatives from both the public and private sectors. The GT will be providing a qualified forum for the discussion and continuous improvement of a positive agenda focused on strengthening the capital market as a long term financing source for the Brazilian economy,” Sandra concludes.
About GT Interagentes
GT Interagentes is aimed to bring together representatives of entities that operate in the Brazilian capital market who share the same objective, that is, to foster the capital market’s development. The group seeks to facilitate the debate and collaboration among public and private institutions by preparing a positive agenda to strengthen the Brazilian capital market. GT Interagentes is comprised of representatives from ABRAPP – Associação Brasileira das Entidades Fechadas de Previdência Complementar (“Brazilian Association of Pension Funds), ABRASCA – Associação Brasileira das Companhias Abertas (“Brazilian Association of Publicly-Held Companies), ABVCAP – Associação Brasileira de Private Equity & Venture Capital (Brazilian Association of Private Equity & Venture Capital), AMEC – Associação de Investidores no Mercado de Capitais (Association of Capital Market Investors), ANBIMA – Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (“Brazilian Association of Entities of the Financial and Capital Markets), APIMEC – Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais (“Association of Investment Analysts and Professionals of the Capital Market”), BM&Fbovespa (“Brazilian Securities, Commodities and Future Exchange Commission”), IBGC – Instituto Brasileiro de Governança Corporativa (“Brazilian Institute of Corporate Governance”), Ibmec – Instituto Brasileiro de Mercado de Capitais (“Brazilian Institute of Capital Markets”), and IBRI – Instituto Brasileiro de Relações com Investidores (“Brazilian Institute of Investors Relations”).