RIO DE JANEIRO, BRAZIL - According to AZ Quest's Walter Maciel, the political scenario in Brazil today is "diametrically opposed" to March last year, when the government had no support in Congress and was stalled in relation to the pandemic.
The change in command at Petrobras had negative repercussions in the markets, but the government is in "the catbird seat" to emerge from this situation better than it entered by approving the emergency PEC (proposed constitutional amendment) and placing the country in a more sustainable fiscal situation.
"The government managed to build a dialogue with Congress, form a majority and . . .