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Brazil’s Federal Court of Accounts minister asks for more time and postpones decision on Eletrobras privatization

RIO DE JANEIRO, BRAZIL - Minister Vital do Rêgo of the Federal Court of Accounts (TCU) asked for 60 days of access to the procedure for the privatization of Eletrobras. This tool would allow him more time to give his opinion.

The TCU is tasked with assisting Congress in its Constitutional incumbency to exercise external audits over the Executive Branch. Its members, called ministers, are appointed by the National Congress and the President of Brazil.

Critics say the attempt to postpone privatization this year will likely result in it not happening if leftist Lula da Silva and his Workers' Party . . .

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