Brazil pension committee chief says gov’t still well short of pension reform votes

Brazil’s President Jair Bolsonaro on Monday emphasized the importance of pension reform to Brazil’s economic progress, but a powerful lawmaker said the president’s failure to engage with Congress means the bill is still well short of the votes needed for it to pass.

The comments to Reuters from Marcelo Ramos, chairman of the congressional committee on pension reform, underscored the growing doubt about the fate of the government’s flagship reform bill, which has slammed business and investor sentiment.

Continue reading