Latin American Economy & Business - November 2017 (ISSN 1741-7430)

On 25 October, the Chamber of Deputies voted 251-233 to dismiss the latest corruption charges against President Michel Temer, making it highly likely that he will be able to complete the remaining 14 months of his term in office. The decision means that pension reform – considered essential to reduce the country’s endemic fiscal deficit and rising debt levels – is back on the agenda. But the outlook for pension reform remains cloudy.