State of play: What Brazilian reforms could mean for emerging markets investors

Privatisation of government assets to boost growth

clock • 4 min read

President Jair Bolsonaro's multiparty coalition in Brazil is under pressure to deliver growth against a background of a country that has some of the highest costs of doing business in the world – and it is currently not being helped by the global backdrop.

Top of the agenda is simplifying the onerous tax system and reducing the size of the state through the sale of stakes in hundreds of companies - and even billions of dollars in property. Having pushed through pension reforms to help stabilise government debt levels, Brazil's politicians in the halls of the Esplanada, in the capital Brasilia, are laser focused on pushing through tax reform before campaigning for municipal elections in October puts all other activity on hold. Brasilia, 800km from traffic-ridden Avenida Faria Lima - the upscale financial hub of Sao Paulo - appears calm a...

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