IDB and BNDES invest $28 mn to reduce PPP “mortality” in Brazil

The IDB and BNDES have announced a R$150 million ($28 million) plan to try to speed up approval and improve the quality of Public-Private Partnership (PPP) projects in the country. According to IDB data, of the 1,084 PPPs in the country that have started since 2014, 811 had not been completed by September 2018. And the so-called mortality rate, i.e., of projects that simply do not succeed, was 86% in the last five years.

Source: 6 Minutos

Rejection to Bolsonaro government rises to 40%, survey shows

The percentage of those who rate the Jair Bolsonaro government as bad or bad has risen from 35% in December last year to 40% in January this year, according to the XP/Ipespe survey. The percentage of those who see the Bolsonaro management as excellent or good has fallen from 38% to 32%. This is the first time since May 2020 that there has been an increase in the percentage of critics of the government and a reduction in the percentage of supporters.

Source: Valor Investe

Brazil researchers report disappointing 50.4% efficacy for CoronaVac vaccine

A coronavirus vaccine developed by China’s Sinovac showed “general efficacy” of 50.4% in a late-stage trial in Brazil, researchers said, barely enough for regulatory approval and far short of earlier indications. The latest results are a major disappointment for Brazil, as the Chinese vaccine is one of two that the federal government has lined up to begin immunisation during the second wave of the world’s second-deadliest COVID-19 outbreak.

Source: Reuters

Government eases collection of $55.5 bn in debts

The federal government suspended, renegotiated or postponed the collection of instalments of almost R$300 billion ($55.5 bn) in debts it had to receive from companies and individuals in 2020. Since March, the Attorney General’s Office of the National Treasury (PGFN) has adopted flexible measures to collect debt to reduce pressure on debtors who lost revenue amid the pandemic. The fiscal aid covered small to large debtors, with debts starting at R$15 million ($2.7 mm).

Source: Valor Intenational

With 2 million of new micro-entrepreneurs MEIs breaks record in the country

According to data from the Entrepreneur’s Portal, approximately two million users became individual micro-entrepreneurs (MEIs) at the end of last year. The number is the highest ever recorded since 2009, when the law regulating the category came into effect. As a result, the country reached a total of 11.3 million active MEIs, 20% more than at the end of 2019, when the segment had 9.4 million registrations.

Source: Contabeis

Anvisa approves Fiocruz import of 2 million doses of vaccine against COVID-19

Anvisa has approved the exceptional import of 2 million doses by Fiocruz of the COVID-19 vaccine developed by AstraZeneca in partnership with Oxford University. The import is considered exceptional because the immunising agent has not yet been submitted for emergency use or sanitary registration, Anvisa said in a statement.

Source: Reuters

Social Security has a negative balance of $121 bn

The social security deficit reached R$604.30 billion ($121 bn) from January to November of this year, after revenues totalled R$724.82 billion ($145 bn) and expenses, R$1.329 trillion ($266 bn). The information is from the Summary Report on the Budgetary Execution of the Union (RREO), released recently by the National Treasury. The deficit is higher than that recorded in the same period last year, when it was R$ 292.66 billion ($58.6 bn).

Source: Valor Investe