Why you should put your money in Brazil

How is this for bullish The Olympics in Brazil will be better than the Olympics in Beijing.

Or so says Paolo Soares, Brazil's ambassador to Singapore and a panellist at yesterday’s Brazil Investment Summit, hosted by FinanceAsia and AsianInvestor.

His enthusiasm was perhaps a touch advertorial -- though to be fair Brazil will be the first country to host the football World Cup 2014 and the Olympic Games 2016 in a single cycle. And the exuberance for Brazil was backed up by data presented by Luiz Awazu Pereira da Silva, the deputy governor of the Banco Central do Brasil.

Pereira da Silva outlined the central bank’s three-pronged approach to...