Category: Public policy

Information related to political affairs that have an impact on Brazil’s economic development.

Brazil confirms first coronavirus case in Latin America

A Brazilian government test has confirmed the first case of coronavirus in Latin America, after a Sao Paulo hospital flagged the possible infection of a 61-year-old who had visited Lombardy, in northern Italy. The diagnosis comes during Brazil’s carnival holiday, a peak time for domestic travel when millions of revellers throng major cities for boisterous street celebrations. Sao Paulo stock market, which has been closed since last week, is set to open at 1 p.m. local time. Brazilian shares in exchange-traded funds in New York have dropped nearly 6% this week.

Costa Rica, Uruguay and Brazil lead Latin American sustainability ranking

Costa Rica, Uruguay and Brazil, lead the Latin American sustainability ranking prepared by América Economía Intelligence considering seven dimensions: greenhouse gas emissions, energy matrix, biodiversity and forest management, agricultural pollution, water resources management, air quality in urban areas and environmental taxes. Bolivia, Peru and Paraguay are at the end of the list of eleven countries studied.

Brazil presents employment plan for 1.8 million young people

Brazil presented on Sunday to the financial G20 meeting in Riyadh its ‘Programa Verde Amarelo’ (Yellow Green Program) with which the Jair Bolsonaro government seeks to generate 1.8 million jobs in three years for young people aged 18 to 24. This represents a 2% increase in the employed population and a projected reduction of more than 30% in labour costs for companies, said the Secretary of International Economic Affairs, Erivaldo Gomes, replacing the Minister of Economy, Paulo Guedes, who did not attend the meeting in Saudi Arabia.

Brazil has the potential to lead green finance, UBS

The president of the Swiss bank UBS in Brazil, Sylvia Coutinho, estimates that Brazil “has the largest environmental assets on the planet” and conditions to assume a global role in “green finance.” Capital is looking for these environmental assets, as warned at the World Economic Forum in Davos, and I think the government took note of this message, so we must learn to monetise our environmental assets, she said.

Bolsonaro resists bid to make Central Bank to target growth

Brazil’s government is trying to fight off a move by some lawmakers to grant the central bank autonomy and force it to target growth as well as inflation. Opposition lower house deputies plan to present an amendment to the autonomy bill that would set an additional target for the central bank – either employment or growth level – alongside its mandate to keep prices stable. The autonomy bill is ready to be put to a vote in the lower house.

Antitrust watchdog Cade allows Embraer-Boeing deal to proceed

The majority of councillors at Brazil’s antitrust agency Cade voted on Wednesday against a prosecutors’ request to review the sale of Embraer SA’s EMBR3.SA commercial division to Boeing Co BA.N and allowed the deal to proceed. Earlier this month, Brazilian prosecutors had filed an appeal with Cade asking the regulator to reconsider its approval of the deal due to potential omissions in the decision. It tie-up had been approved without restrictions on Jan. 27.

Huawei role in Brazil 5G up to national security chief, Anatel

The Brazilian telecoms regulator (Anatel) preparing to auction bandwidth for fifth-generation (5G) mobile data at the end of this year said any decision on the security risks of using Chinese technology will ultimately be taken by the president’s national security adviser. Anatel approved the rules for the auction published by the government last week and opened a public review. If confirmed, it will be the world’s largest 5G spectrum auction to date.

Brazil oil workers clash with Petrobras in 18-day strike

Brazilian oil workers and oil giant Petrobras are locked in a power struggle over plans to shift focus away from non-core assets, with a federation of unions saying that 21,000 employees in 13 states (60% of the company’s workforce) are on strike indefinitely. Petrobras did not confirm those numbers but said it has been able to maintain oil and gas production levels and meet fuel demand across the country by bringing in temporary workers on emergency contracts.