In this week’s issue: The most important facts of the week. EU- Mercosur deal in jeopardy? Challenges with public spending.
The week in review
- Cabinet members. President-elect Jair Bolsonaro announced Santander economist Roberto Campos Neto as the future President of the Central Bank. Following the announcement, the São Paulo Stock Market Index rose by nearly 3%. Also confirmed this week were former Finance Minister Joaquim Levy for the head of the National Development Bank (BNDES), and Ernesto Araújo for the Ministry of Foreign Affairs. An anti-globalist, Trumpist character, Mr. Araújo has been highly critical of China and defends a posture of total alignment with the U.S.
- U.S.-Brazil relations. Donald Trump’s National Security Adviser John Bolton could visit Brazil on Nov. 28-29, prior to the G-20 Summit in Buenos Aires. Mr. Bolton has already praised Mr. Bolsonaro, dubbing him a “like-minded” leader who the Trump administration could work with. The visit has yet to be confirmed.