Brazil economy minister vows return of ‘order’ in sweeping reforms

Brazil’s economy minister has vowed to end years of failed state interventions as Latin America’s largest economy embarks on sweeping free-market reforms under President Jair Bolsonaro.

In a wide-ranging interview, Paulo Guedes, the former fund manager chosen by the rightwing president to rekindle the Brazilian economy after the worst recession in its history, said a pension overhaul would save R$1tn ($350bn) over 10 years and be approved “within five months”.

By John Paul Rathbone and Andres Schipani via Financial Times

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