Brazil's privatisation czar resigns amid economic slowdown | Malay Mail

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BRASILIA, Aug 12 — Brazil's privatisation secretary Salim Mattar resigned yesterday, economy minister Paulo Guedes said, suggesting he was leaving the government because of the slow pace of privatisations so far, which has been affected by the coronavirus pandemic. Guedes, who wants to privatise...

YouTube video image of Brazil privatization secretary Salim Mattar.

BRASILIA, Aug 12 — Brazil's privatisation secretary Salim Mattar resigned yesterday, economy minister Paulo Guedes said, suggesting he was leaving the government because of the slow pace of privatisations so far, which has been affected by the coronavirus pandemic. Guedes, who wants to privatise many state-run companies, said he still hopes to privatize state power company Eletrobras , the postal service known as Correios, the Santos Port Authority and Pré-Sal Petróleo SA.

Guedes also addressed some legislative proposals that want to increase public spending in Brazil in light of the economic crisis, but said he firmly opposed raising a constitutional cap on spending currently in place.At one point Guedes suggested that right-wing President Jair Bolsonaro could face impeachment if he allowed for the increased spending. He said his economy ministry would not support this measure, even if it gained traction within other parts of the Bolsonaro administration.

 

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