This will be a short week due to the holiday on Thursday, Bolsonaro should appoint two new Central Bank directors, and the government’s proposal to grant a 5% raise to all public servants has failed to ease tensions

BRAZIL POLITICS - Report 18 Apr 2022 by Murillo de Aragão and Cristiano Noronha

A session has been scheduled in the House for today starting at 5 p.m. to analyze Provisional Measure (MP) 1,076, which deals with the Auxílio Brasil payments of R$ 400, and MP 1,077/21, which creates the Internet Brazil Program. The new director of Financial System Organization and Resolution, Renato Dias de Brito Gomes, and the director of Economic Policy, Diogo Abry Guillen, have already been approved by the Senate. They should be able to participate in the next meeting of the Monetary Policy Committee (Copom) of the Central Bank to decide on the basic interest rate. The 5% raise has been considered insufficient by public servants. Employees of the National Treasury are expected to hold another strike for a salary raise on Wednesday.

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