100 days of Jair Bolsonaro: The economy

brazil economy guedes bolsonaro
Economy Minister Paulo Guedes and President Bolsonaro

Jair Bolsonaro was elected Brazil’s 38th president and given a huge responsibility: to make the country grow again and avoid the state going bankrupt. This significant task has been delegated to his Minister of the Economy, Paulo Guedes, who has been regarded by investors as the administration’s most precious asset thanks to his ultra-libertarian philosophy. In less than two months, Mr. Guedes and his team presented their proposal for a grand overhaul of the Brazilian pension system—a reform on which the country’s economy depends.

Paulo Guedes had the option to tweak the reform bill Michel Temer...

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