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 …

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(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As of August 30th, the decision was revoked by Federal Justice, in response to a popular iniciative, alleging that the authorization of mining practices in the Amazon must be made by passing a Law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 …