Opinion

What is the best pension reform for Brazil?

pension reform paulo guedes
Economy Minister Paulo Guedes was frustrated by the pension reform report.

In about a month, the Brazilian Congress will enter its mid-year recess. From July 17 to August 1, members of both congressional houses are set to leave Brasilia and return to their constituencies. Over the course of this past week, I was asked an interesting question: whether there is any possibility lawmakers would forego their break to vote on important bills. Such a move would certainly be welcomed by financial markets—as it would speed up the approval process of the pension reform.

Legally, it is possible. The Constitution allows for Congress to be called into work...

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