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 the plan will be set into motion no earlier than 2021.
According to federal privatization secretary Salim Mattar, the process of setting up a privatization auction takes between 6 months and a year, in order to comply with federal law. Instead, Mr. Mattar defended a short-term divestment
Former Senator and chairman of Brazilian Social Democracy Party (PSDB) Eduardo Azeredo has left the party. He was likely going to be expelled or asked to leave by the party’s top brass. Azeredo was sentenced to 20 years in prison for corruption and money laundering https://t.co/aAWDpJiKs6
Brazi's Central Bank's decision to intervene in the depreciation of the Real hasn't worked so far, as the U.S. Dollar rate continue to rise around BRL 4.10 on São Paulo's stock market. The Central Bank has decided to tame the loss of value, holding three currency auctions by Wed. https://t.co/xnFWHjVQ8U
. @folha points out mistakes in the request placed by prosecutors to lift the bank secrecy of Flavio Bolsonaro and others. According to the newspaper, some targets were not appointed by the president's son while he served as a Rio de Janeiro lawmaker. https://t.co/gbIUFYIhv8