BMG Bank President Ricardo Guimarães Thinks Brazilian Entrepreneurs Can Help The Economy Recover

Brazil has the largest economy in Latin America, and the country has more beautiful beaches than any other country in South America. The people of Brazil are a fun-loving group that enjoy football, a good laugh and lots of beer, according to an article published by Esporte.ig.com.br. But some of laughter is gone these days thanks to a recession that is turning the country into a shadow of its former self. Brazil’s economy has been shrinking for the last two years, and the government hasn’t been able to stop the contraction.

Two credit rating agencies have downgraded Brazil’s debt to “junk” status, and the president of Brazil, Dilma Rousseff says the only way to pull out of this economic nightmare is to cut spending and raises taxes. But BMG Bank President Ricardo Guimarães disagrees with Rousseff, and he is not the only private citizen that does. Most Brazilian want to see Rousseff impeached, but that could take years because of the way the Brazilian parliament operates

Ricardo Guimarães recently told R7.com that he thinks Brazilian entrepreneurs can help pull the country out of a recession. Mr. Guimarães told R7.com that there are four types of entrepreneurs in Brazil and they all possess creativity, vision, and dreams but only a few of them have the proactive attitude to help the country beat the recession. Ricardo believes the country will begin to rebound from the recession in 2016 because of the entrepreneurs that will help kick start the economy by developing innovative products that can be exported.

Brazil has unlimited natural resources, and there is a technology boom is happening in Brazil, and that will pay off, according to Guimarães. But Ricardo also thinks Brazilian entrepreneurs step up and become more proactive in government as well as in business.

Guimarães is a well-known public figure in Brazil not only for his banking expertise and his social statements, but also for his participation in Brazilian soccer. BMG Bank sponsors seven football clubs and Ricardo was chairman of his home state club for five years. BMG Bank has a reputation for being the bank that has the best payroll loans rates in the country thanks to Ricardo’s advertising campaign that mixes football with payroll loans. Wiki says the total thing about him.

Mr. Guimarães has won numerous awards for his participation in the banking industry. But the award his is most proud of is the Belo Horizonte Diploma of Merit, according to CMBH.mg.gov.br. Belo Horizonte is Ricardo’s hometown, and he has helped the city become one of the most forward thinking cities in Brazil.

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