Bolsonaro, President of Brazil says he will privatize Petrobras if reelected

If Bolsonaro is re-elected, he will privatize Petrobras, says Brazil’s economy minister. Paulo Guedes said during his trip to Switzerland that the next term will bring more reforms.

Jair Bolsonaro’s government will continue the reform agenda, including the privatization of Petrobras, in a possible second term. Economy Minister Paulo Guedes made the statement.

“We will privatize Petrobras and conclude several trade agreements. We will do much more than before,” the minister told reporters after attending the World Economic Forum in Davos, Switzerland.
Guedes said the government is eager for reform, but the pandemic ultimately prevented the agenda from moving forward in Congress as he would like.