HALISTER1: Brazil Pension Reform in 2017 Is Possible, But Not Likely: XP

Brazil Pension Reform in 2017 Is Possible, But Not Likely: XP

(Bloomberg) -- It’s important for Brazil govt to keep this discussion alive, but the timeline for a possible pension reform in 2017 is "challenging, to say the least," XP Gestao Multimarket Funds Manager Bruno Marques says by phone.
  • Chances of the pension reform actually happening this year are very low, since govt will probably be focused on charges against president Temer until early November, and then it will have very little time to negotiate a possible reform
  • "Govt would need to raise many more votes than it has achieved so far in other discussios, such as in TLP long term rate and the charges," Marques says
    • "Govt would have to bring together a majority that it didn’t have even in better scenarios in the past,"
  • NOTE: Estado reported earlier that lawmakers want to vote on watered- down version of pension reform
To contact the translator on this story: Giulia Camillo in Sao Paulo at gcamillo@bloomberg.net Reporter on the original story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Josue Leonel

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Bruno Marques (Xp Investimentos Cctvm SA)
Michel Temer (Federative Republic of Brazil)

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