Great news for the largest country in Latin America,
Brazil’s minister says inflation to end 2017 below 3 percent.
Americas Quarterly has a rundown of Pres. Michel Temer’s reform agenda on energy, infrastructure, environment and mining, foreign trade, and project financing. Most aim to reduce the role of government in the economy. Some aim to privatize government-owned companies. Regarding pensions,
Brazil’s severe crisis has been blamed on its ballooning public debt, and pension is the one item where the government believes it can make substantial savings.
. . .
The government wants to create a minimum retirement age of 65 for men and 62 for women and make the system more equal in its treatment of public and private sector workers. Unions have held strikes and protests claiming the government is simply making workers pay for the country’s mismanaged finances.
Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade. The country looks to expand its crude potential and revive its economy with an auction this week
Old Timer says
That is great news. I read the average inflation rate was about 9% in 2015.
Here is what happened in Mexico when they opened up there energy sector.
Nick R says
A shame they seem ready to vote Lula back in next year. Given that *everyone* seems tainted by corruption, I guess the most popular corrupt guy sticks around.
Lula should be in jail, but you’re right, Nick, he might win.