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As a member of the biggest and fastest growing BRICs economies, Brazil continues to solidifying its’ economic future with tighter fiscal discipline, monumental discoveries in natural resources, an impressive level of agribusiness and sophisticated corporations that are competing for resources on a global level.
Brazil’s government has developed a strong monetary policy, which over the last 10 years has controlled inflation and eliminated debt from the World Bank and IMF years ahead of schedule.
Brazil has reached the privileged position of energy independence through bio-fuels and deep-water oil. The latest oil discovery estimated that the future oil reserves of the country would reach up to 80 billion barrels. This volume puts Brazil in the position of holding the sixth largest oil reserves in the world, with up to 93 billion barrels, ahead of Venezuela, Russia and Libya.
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