Cash-starved Brazil considers selling off public assets -paper

May 15 Brazil’s government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunday.

Interim President Michel Temer’s government is working with a list of companies and sectors that would be the first targets of any move back toward sales of state-controlled holdings, the Rio de Janeiro daily O Globo said, citing anonymous members of Temer’s economic team.

That practice was pursued in the 1990s and early 2000s but largely scaled back by the leftist Workers Party during its 13 years in power under former president Luiz Inacio Lula da Silva and his successor, Dilma Rousseff.

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