The analysis by Sobeet remarks the smaller share of privatizations in direct foreign investment. Direct foreignt investments in 1999 surprised bank analysts.
Optimism is due to the nature of investments.
According to Marcelo Carvalho, from JP Morgan, as there were few privatizations in 1999 compared to 1998, one can believe the bulk of investments came from fusions and mergers of Brazilian companies and from sending profits and dividends to Brazil.