Brazil Daily

The president is heading to Texas 

Good morning! Privatizations not a short-term reality in Brazil. The president is heading to Texas. Benchmark interest rates continue at lowest-ever.


Privatizations not a short-term reality in Brazil

Last year, Economy Minister Paulo Guedes promised to lead the boldest privatizations plan in Brazilian history—selling off all 138 companies owned by the federal government. Then, in January, he pledged to raise BRL 20bn from said deals. But the goal will not be achieved—as privatizations need congressional approval, and the administration already has its plate full with the pension reform as it is. The bulk of...

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