Prestige for Paulo Guedes

BRAZIL POLITICS - Report 27 Apr 2020 by Murillo de Aragão and Cristiano Noronha

President Jair Bolsonaro on April 27 made important gestures of affirmation toward the Minister of Economy, Paulo Guedes. In his traditional conversation with journalists near the Alvorada Palace, Bolsonaro was accompanied by Guedes and Ministers Tarcisio Freitas (Infrastructure), Tereza Cristina (Agriculture), in addition to the president of the Central Bank (BC), Roberto Campos Neto. Both ministers are well regarded by economic agents.

The president’s statement comes amid rumors of alleged dissatisfaction by Paulo Guedes and the economic team with the Pro-Brazil plan, announced last week by the Chief of Staff, which was poorly received by the economic team for increasing public spending. Bolsonaro also dispelled rumors about Paulo Guedes’ alleged departure from the government. Praised by the president, Guedes remains one of the main pillars of government support.

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