About the event


President Lula returned to power determined to consolidate his legacy of social progress and reforms in Brazil, buoyed by a pro-democracy majority. From the start, however, he has faced obstacles: he inherited a compromised fiscal position, made worse by a post-election commitment to expand expenditures in 2023 bargained with the departing legislature in the waning days of the Bolsonaro administration. The market is uncertain of his adherence to transparent and prudent fiscal management and is concerned about the return of subsidized lending through state-owned banks. Moreover, his accent to power coincides with the downswing of the economic cycle. Likely, he will face a slowdown in growth and rising unemployment in 2024.

Against this backdrop, two initiatives could help turn the tide of expectation. Together with agribusiness, the petroleum and gas industry is thriving and expanding. And the turn toward greener energy will reinforce this momentum. On the policy front, the all-important tax reform is mature, largely consensual on its outline, and steadfastly supported by the new administration. Bernard Appy, one of the main proponents of the reform, has assumed a senior position in the Ministry of Finance as its chief negotiator. The aim is the have the legislation enacted in 2023.

The Chamber brought together Managing Director for Capital Markets, Sustainable Finances and Investor Relations Natalia Dias, Special Secretary Bernard Appy, and senior representatives and experts from the oil and gas, renewables, legal, and financial sectors to discuss these challenges, outline proposals, and share their views on Brazil’s prospects.



8:00 – 8:25 AM: Registration, Breakfast, and Networking
8:25 – 10:30 AM: Opening Remarks, Keynote Address 1 and Panel 1
10:30 – 10:45 AM: Coffee Break
10:45 – 11:45 AM: Keynote Address 2 and Panel 2
11:45 AM – 12:30 PM: Q&A, and Closing Remarks


Keynote Speaker:

Natalia Dias, Managing Director for Capital Markets, Sustainable Finances and Investor Relations, BNDES (Via Zoom)

Panel 1 – Oil, Gas & Renewable Energy:


Roberto Ardenghy, President/CEO, Instituto Brasileiro de Petróleo (IBP)
Gianluca Bacchiocchi, Partner, Latham & Watkins LLP
Gonçalo Capela GodinhoPartner, Lefosse
Paulo Macedo, Director | Global Head of International Relations, Policy & Advocacy, Raízen

Keynote Speaker:

Bernard Appy, Special Secretary for Tax Reform, Ministry of the Economy of Brazil (Via Zoom)

Panel 2 – Tax Reform:


Paulo Vieira da Cunha, Partner, VERBANK Consulting, LLC
Drausio Giacomelli, Head of Emerging Markets Research, Deutsche Bank Securities


Alexandre Bassoli, Chief EconomistApex Capital – SEE PRESENTATION
Emy Shayo Cherman, MD, LatAm and Brazil Equity Strategist, J.P.Morgan
Glaucia Lauletta, Partner, Mattos Filho Advogados
Mario Sérgio Carraro Telles (TBC), Executive Manager of Economics, Confederação Nacional da Indústria (CNI) (Via Zoom)


Format: In-Person only

LocationLatham & Watkins
1271 Avenue of the Americas New York, NY 10020 United States



Sponsored by: Latham & Watkins LLP  and Lefosse




Media Partner: Bloomberg Línea

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