From:    conference at brazilcham.com
Subject: Brazil Holds Up Against Falling Bulls and Bears!
Date: September 18, 2008

How Is Brazil Holding Up in the Wall Street Turmoil?

“Brazil’s Central Bank has not needed to supply liquidity to local financial markets despite the turmoil roiling global markets, the bank’s president said on Monday.  Henrique Meirelles also stressed that Brazilian banks are weathering the market mayhem well because they have healthy levels of liquidity, above those required by the Central Bank. ‘A full decoupling doesn’t exist for any economy but what does exist is an increase in the resistance to the crisis,’ Meirelles told reporters.” (Reuters, September 15, 2008)

2008 Brazil Economic Conference - Monday, October 13, 2008, Washington DC.

Note from:

HE Guido Mantega
Finance Minister of Brazil

HE Henrique Meirelles
President of The Central Bank of Brazil

on
Monday, October 13, 2008
8:00 AM – 3:00 PM

Confirmed Speakers:

HE Antonio de Aguiar Patriota, Brazilian Ambassador to the United States, Brazilian Embassy

Luiz Fernando Figueiredo, Founding Partner and Head Portfolio Manager, Mauá Investimentos

Sergio Ribeiro da Costa Werlang, Executive Officer and Chief Risk Officer, Banco Itau Holdings Financeira S.A.

Paulo Leme, Director of Emerging Markets, Goldman, Sachs & Co.

The Mayflower Hotel
1127 Connecticut Avenue NW
Washington, DC
To Register:
Click here to register online or click here to download the registration form.

Sponsorship and table reservations:
Please call the Chamber’s Executive Director, Sueli Bonaparte, at 212-751-4691 or email  sueli at brazilcham.com.

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Brazil is in a favored position because of the simple reality that for years it started to address the problem of dependency on a world energy market that is out of the hands of an aspiring fast developing nation. They did not just talk about it but actually made progress towards the goal of energy independence. When luck stroke, and Brazil even found oil - they are now in a position that they do not have to develop these resources unless it is in their national interest.

They are probably the only country in the world today that can even tell the international oil corporations - please stay home. In the meantime they have the luxury of conquering the world with their ingenuity in the beer market, and offer for sale also ethanol.

If you did not notice - both products contain biofuels. Brazil’s economy can afford to continue a strong reliance on agriculture for food and fuels and keep foreign gold-diggers at bay. We hope thus that the effort at bringing investments to Brazil will not weaken the scrutiny of the intent of the foreign corporations.

Further, we are heartened by information we get from Fortaleza, Ceara, Brazil, about interest of continuing above by an extrapolation into the area of GREEN CHEMISTRY. This is the natural development of the future of a strong and independent Brazil. 

The following event will take place in New York, in conjunction with the Brazilian President being the Traditional First Speaker at the UN General Assembly Opening Session - further - in recognition of the Brazilian success story: