Brazil has a number of strengths that could help it succeed in the next cycle of global economic growth, says Bernard Mensah, president of the international sector at Bank of America (BofA). With the vision of someone who is in charge of the American bank’s entire operations outside the United States – a group of 37 countries with a turnover of $12.4 billion in the first nine months of this year – the Ghanaian-born Briton sees good prospects for the Brazilian market in a range of sectors and says foreign investment in stocks is expected to increase as interest rates fall. “Brazil is in a very good position to obtain a little more of these flows. It is up to businesses and the government to create the conditions. Brazil has good fundamentals, inflation is doing well,” says the executive, in an interview with Value.
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