President Michel Temer of Brazil addresses the 71st United Nations General Assembly in Manhattan, New York, U.S. September 20, 2016. REUTERS/Carlo Allegri
NEW YORK (Reuters) - Brazilian President Michel Temer on Wednesday promised political stability for foreign investors to put their money in a country weathering the impeachment of his predecessor and the worst recession in generations.
Speaking for the first time to investors in New York, Temer said he was confident he will have enough backing in Congress to pass unpopular fiscal reforms needed to plug a ballooning budget deficit and regain the confidence of markets in the once-booming economy.
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