LatinNews Daily - 29 October 2018

* Paulo Guedes, a University of Chicago-trained economist, has already been confirmed as Brazil’s future economy minister by President-elect Jair Bolsonaro. Speaking after the confirmation of his nomination, Guedes listed the three principal items on his agenda: a necessary pension reform; the control of public spending with, notably, privatisation of state-owned companies; and a state reform, to reduce privileges and waste in the public sector. The financial and business sectors have high hopes that Guedes and his liberal economics will bring about the change urgently needed for Brazil’s economic recovery.

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