Brazil Weekly

Investors on alert as government tries to reshuffle debts

This week, we talk about how the once pro-Bolsonaro market investors now frown upon the government. And the privatization of a key energy distributor.

Government sparks trust crisis among investors

The Bolsonaro administration rattled investors last week after it was suggested that a new welfare program would be paid for with money from a fund to finance basic education and by postponing the payment of precatórios, a sort of government IOU bond. The stock market crashed, as did the Brazilian currency — already the worst-performing in the world — as the government flirts with the idea of essentially breaching its own...

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