Rio de Janeiro Investment Conference

To see the agenda, speakers, and panels: ForeignAffairsRioConference.eventbrite.com

To watch a video of the keynote session:
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To listen to recording of Macroeconomics & Infrastructure session:
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To listen to recording of Brazil, Emerging Market in Energy session:
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Presented by Think Link and media partner Foreign Affairs, the Rio de Janeiro Investment Conference took place on November 30, 2011 at the Council on Foreign Relations in New York. The conference hosted a broad range of senior investors, business leaders, politicians, policymakers, and academics to debate and discuss the future of Brazil and Rio de Janeiro.
The event provided unrivalled, agenda-setting programs and the pre-eminent decision-makers, visionaries and strategists across industries and economies.
Delegates came not only to understand Brazil’s and Rio de Janeiro bigger picture and enjoy unique networking opportunities; they experienced lively and stimulating debate about the key issues of our time.

 

Following an inaugural speech by Governor of Rio de Janeiro Sérgio Cabral and an opening keynote panel, the audience participated in two breakout sessions. One evaluated current macroeconomic dynamics and their impact on infrastructure financing. The other discussed Brazil's role as an emerging player in power generation, assessing the implications of investment in oil and gas exploration projects, renewable energy, and alternative power sources.
Some of the distinguished speakers included: David J. Rothkopf, President of Garten Rothkopf and visiting scholar at the Carnegie Endowment for International Peace; Ambassador Donna Hrinak, President of Boeing Brazil; Larry Rohter of The New York Times; Nicolas Aguzin, Chief Executive Officer of JPMorgan Latin America; and Albert Fishlow, director of the Institute of Latin American Studies at Columbia University.

One of the main topics for discussion was the Oil Pre Salt discoveries: Deep in the South Atlantic, a vast industrial operation is under way that Brazil’s leaders say will turn their country into an oil power by the end of this decade. If the ambitious plans of Petrobras, the national oil company, come to fruition, by 2020 Brazil will be producing 5million barrels per day, much of it from new offshore fields. That could make Brazil a top-five source of oil.
Managed wisely, this boom has the potential to do great good. Brazil’s president, Dilma Rousseff, wants to use the oil money to pay for better education, health and infrastructure. She also wants to use the new fields to create a world-beating oil-services industry. But the bonanza also risks feeding some Brazilian vices: a spendthrift political system; an over-mighty state and over-protected domestic market; and neglect of the virtues of saving, investment and training.
Chaired by Javier Blas, Commodities Editor, Financial Times, this executive dinner will gather world-class speakers and senior-level delegates to examine the surge in commodity prices and its impact on the global economy and society.

How will policy-makers respond? How long will the spike last? What needs to happen for markets to stabilize? How much of a role is speculation playing in the commodity price rise, and how much is it due to fundamental factors of supply and demand? What are the implications of the price surge for big commodities producers?

Critical issues explored included:
o Prospering in an Uncertain World
o Is the Brazil success story sustainable?
o Beware the Chinese dragon: Is the global economy relying too much on one market?
o Addressing the biggest challenges ahead: Deficient infrastructure and education, a closed economy, a dominant state and high interest rates
o All Roads lead to Rio de Janeiro
o What does Rio de Janeiro need to do to complete the process of modernization?
o Driving human capital

Key Features of the Summit Included:
o Panel discussions on the latest developments and future prospects for all key aspects of Brazilian infrastructure and energy needs
o Presentations on the latest trends and challenges concerning infrastructure and energy investing and financing
o Opportunities for investors and business leaders to network with the Brazilian government and corporate representatives
o First-hand views of Brazilian policy and plans for the future, and how this will affect the country's development

Photo courtesy of Marino Azevedo, Fotógrafo do Núcleo de Fotografia do Governo