Paulo Guedes: The liberal promise is falling apart? TBR Weekly #17

Before taking office, Brazil’s Economy Minister Paulo Guedes promised high growth rates, zero deficit, and widespread privatizations. He hasn’t delivered on any of that… even before the pandemic. Guedes’ team of fiscal hawks is losing influence in the battle for budget control. Financial elites still see Guedes as the guarantor of the Bolsonaro government. But how long will he stand by and watch as his financial policy is dismantled?_______________The Brazilian Report is an independent media outlet uniquely positioned to offer an insider’s view on current affairs in Brazil.