10 May 2019

 

Predictions

  • Bolsonaro’s concessions to centrist congressional leaders on corruption raise possibility of him passing economically critical pension reforms
  • Concessions will slightly reduce powers of popular former Judge Sergio Moro, but his anti-corruption campaign will continue
  • Congress passing President’s pensions reforms will significantly boost Brazilian markets and investor confidence

Analysis

A Congressional Committee reviewing President Jair Bolsonaro’s planned restructuring of the Federal administration on 9 May rejected part of the reform that placed the Ministry of Justice and Public Security, led by popular former Judge Sergio Moro, in control of the anti-money laundering intelligence unit. Fourteen Committee members blocked…

 

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