Brazil to Shun Populists as Economy Recovers, Meirelles Says

Brazilians will start to see the benefits of an economic recovery in 2017 and there are no signs they are inclined to support populist candidates, Finance Minister Henrique Meirelles said on Monday.

In an interview at Bloomberg headquarters in New York, Meirelles also said that he supports Petrobras’s plan to adjust fuel prices in line with international levels, won’t use federal funds to bail out companies like telecommunication operator Oi SA and that he is not looking to run for president in 2018.

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