Power

Hurdles for Bolsonaro’s privatization plan

Political scuffles have seen the government's main privatization program transferred to the Economy Ministry, which could bring further delays to Bolsonaro's plans for state divestment

privatization secretary Salim Mattar
President Bolsonaro meets Privatizations Secretary Salim Mattar. Photos: Marcos Corrêa/PR

Elected with a promise of privatizing state companies and selling off government assets, Brazil’s far-right President Jair Bolsonaro has boasted on social media about the amounts his administration has raised through privatization and concession projects in its first year. One of the main projects of his government has been the Investment Partnership Program (PPI), which aims to transfer several infrastructure works in the country—along with state-owned companies—to the private sector.

In 2019, the government raised BRL 96 billion as a result of these sales. Among them were the auctioning off of 12 airports (BRL 4.3 billion), port terminals in...

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