Instead of strengthening Brazil's democratic institutions, Jair Bolsonaro is testing them
took office as Brazil’s president on January 1st 2019, many observers feared the worst. The former army captain had made his name by extolling the military dictators who ruled from 1964 to 1985 and by disparaging women and gays. He won the election because voters were traumatised by the country’s worst-ever recession, from 2014 to 2016, by crime and by revelations of corruption at the highest levels of politics and business.
This has helped restore confidence in the economy. Interest rates have dropped to their lowest level in 33 years. Growth in 2020 should be at least 2%, well above the Latin American average. If Paulo Guedes, the Chicago-trained, pro-market economy minister, had his way, pension reform would mark the start of a transformation in Brazil’s fortunes .
Although murders have fallen, largely because inter-gang warfare has eased, Mr Bolsonaro has all but given up the fight against white-collar crime. Sergio Moro, the justice minister, has been compromised by revelations of his improperly close dealings with prosecutors when he was the judge in charge of the vast anti-corruption probe that helped propel Mr Bolsonaro to power. Congress stripped Mr Moro’s crime bill of most of its anti-corruption measures.
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