Today, we show you how lobbying works in Brazil. How banks’ woes in the stock market raise red flags about the economy. And coronavirus deaths at lowest since May.
How lobbying operates in Brazil
The Brazilian Association of Institutional and Government Relations (Abrig) has published a document offering a glimpse into the country’s lobbying sector. The activity is yet to be regulated in Brazil — and remains highly stigmatized in a nation so accustomed to corruption scandals.
- Perhaps that’s why two-thirds of companies who use such services — whether by having its own lobbying sector or hiring outside counsel — are foreign.
Company profile. The top sectors for which lobbying professionals work are not surprising: health and pharma, food and beverages, as well as agro and tech. These are sectors with constantly shifting regulations — and firms want to have a grasp on the changes to come and influence them when possible.
Startups. Between 2019 and 2020, however, the sector saw a big surge in startups who use such services — this type of company represented 6 percent of the lobbying sector’s clients last year, and has now risen to 9.4 percent. “They are acting preventively to avoid excessive regulation or to...