2019 Economic Outlook Brazil: Infrastructure and Reforms

On February 4th, the Brazilian President Jair Bolsonaro delivered the yearly Message to National Congress, in its opening ceremony for the 2019 legislative year. This article is based solely on the official document, which is divided in five main chapters: Economy, Infrastructure, Society, Strategic Issues, and Public Administration. It covers highlights related to macroeconomic reforms …

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2018 Economic Outlook Brazil: Foreign Policy

This is the third chapter of the series of posts on the “2018 Economic Outlook Brazil” that is based on the Presidential Message delivered to the Brazilian National Congress in February, 2018 by President Temer. The official document, in its entirety, advises on the key national policies divided into five central pillars: Economy, Infrastructure, Social, Foreign …

2018 Economic Outlook Brazil: Structural Reforms

This is the second chapter of the series of posts on the "2018 Economic Outlook Brazil" that is based on the Presidential Message delivered to the Brazilian National Congress in February, 2018 by President Temer. The official document, in its entirety, advises on the key national policies divided into five central pillars: Economy, Infrastructure, Social, Foreign …

GDP growth projected at 2,2% for 2018 in Brazil, reports Central Bank

The Economic Policy Division for the Brazilian’s Central Bank has released its quarterly inflation report[i], projecting a 2,2% GDP growth for 2018. This is certainly good news, specially coming from a two-year recession and 0,7% in 2017. The executive summary states that the set of reported indicators of economic activity is consistent with a gradual …

Financial market shows positive reaction to economic reforms in Brazil

The Brazilian financial market reacted very optimistically to the new government announcements of privatization and to a proposal for new interest rates for BNDES (National Development Bank). The currency value is on the rise and so is IBOVESPA, showing great recovery rates since its last downturn earlier in June, after corruption accusations were released in …

(Revoked) Brazilian government removes legal protection on mineral reserve

As of August 30th, the decision was revoked by Federal Justice, in response to a popular iniciative, alleging that the authorization of mining practices in the Amazon must be made by passing a Law through the House of Representatives and not by a presidential decree. Original post: The Brazilian government extinguished the legal reserve protection …

Brazilian government announces new privatization plans

The Brazilian government has just announced the agenda for a series of new plans for auctioning public assets, aiming to raise government income in order to meet fiscal objectives. This is the follow up stage of a series of privatizations and concessions announced in September 2016, which included in its first phase 34 projects. In …