Privatization of Brazilian data holders faces snags and criticism

Within the 2018 election, Brazil’s monetary elites got here out in drive to again far-right candidate Jair Bolsonaro, believing that his selection of Chicago College economist Paulo Guedes as finance tsar would result in 4 years of ultra-liberalism studded with a sequence of privatizations.

With lower than 15 months remaining within the authorities’s time period, Messrs. Bolsonaro and Guedes have little or no to point out for themselves with regard to their ultra-liberalist guarantees. Any main privatization plans have been sluggish and troublesome to get off the bottom, as has been the case of Dataprev and Serpro, two of Brazil’s largest state-owned IT firms.

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