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The CELAC, a bloc of 33 countries is home to roughly 600 million people.
She said Brazil will emerge stronger after current global crisis.
BRICS ministers rallied at the World Economic Forum in Davos.
China retains its lead as the United States' largest foreign creditor.
The Russian President has said Moscow will push for stronger ties with Brazil, India.
Petrobras also has operations in 24 countries outside Brazil.
Brazil has created a special riot force to help police control demonstrations.
The Finance Minister said the government is keeping spending under control.
Moving from contraction to expansion, manufacturing activity could allay fears about the economy's stability.
"By 2023 India and Brazil are on the march. India is up to 4th, Brazil to 5th." says the report.