Brazil Daily

Brazil’s pension reform: stage 1 completed. Now what?

Good morning! The pension reform has passed its first test in Congress—but there remains a long way to go. Yesterday’s vote places Speaker Rodrigo Maia as one of the country’s main power brokers. What happened at the auction of Avianca Brazil’s assets.

House passes pension reform in first of two votes

After more than nine hours of deliberations—and with the government setting aside BRL 2.5bn

to finance projects sponsored by members of Congress—the pension reform was approved by the House floor with a substantial majority: 379 to 131 (with 3 abstentions). The vote, however, is only...

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