Why the Future of Brazil’s Economy Rides on Pensions

Latin America’s largest economy, Brazil, will implement significant changes to its costly pension system. That was the focus of the first sustained legislative drive by President Jair Bolsonaro, his economic team and allies. Efforts to muster support for a major reform failed under previous administrations. Now, Brazil’s Senate has given the final approval to a reform that could boost the nation’s public finances and open the door to a virtuous cycle of expansion.


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