Brazil’s Central Bank is bullish on the country’s recovery prospects. But should it be? Plus, big moves in the telecom sector. And banks propose action in the Amazon.
Police in Rio de Janeiro launched an operation to arrest five people in connection with embezzlement in overpriced contracts between health organization Iabas and the City Hall of Rio de Janeiro. Iabas is also under investigation for irregularities in the installation and management of the city’s Covid-19 field hospitals.
Recovery: Beware of the ‘false V’
Central Bank Chairman Roberto Campos Neto