Brazil’s Bolsonaro Uses Davos Speech to Appeal to Big Business

Brazil’s Bolsonaro Uses Davos Speech to Appeal to Big Business
Brazilian President Jair Bolsonaro gestures as he delivers a speech during the World Economic Forum (WEF) annual meeting on Jan. 22, 2019, in Davos, Switzerland. Fabric Coffrini/AFP/Getty Images
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DAVOS, Switzerland—Brazil’s new President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Jan. 22, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business.

Bolsonaro said he would work to open up Brazil’s relatively closed economy, reduce and simplify taxes, privatize state companies, and give his new justice minister the tools to tackle corruption.