Brazil: Reformist Brazil: government procurement contracts will be open to foreign companies

28 Jan 20: Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday. Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure. The new rules will mark a bold change in how foreign companies can operate in a country that has been plagued by corruption.