IBOV 176,908 ▲ 2.41% IPSA 10,977 ▼ 0.44% IPC MEX 66,662 ▲ 0.84% MERVAL 3,237,852 ▲ 1.10% COLCAP 2,295.46 ▲ 0.12% BVL PERÚ 56,194.27 ▲ 1.30% USD/BRL5.10▼ 0.32% USD/MXN17.47▼ 0.43% USD/CLP922.81▼ 0.53% USD/COP3,240▼ 3.09% USD/PEN3.39▼ 0.35% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.50▼ 0.09% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.10% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.02% BRENT 75.76 ▼ 0.71% WTI 71.28 ▼ 1.11% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.21% GOLD 4,124 ▼ 0.17% SILVER 60.29 ▼ 0.15% SOY 1,189 ▲ 0.76% CORN 459.00 ▲ 7.31% WHEAT 641.00 ▲ 4.87% COFFEE 334.30 ▼ 6.35% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 145.60 ▼ 2.87% COTTON 80.87 ▲ 6.18% COCOA 6,027 ▼ 4.47% BEEF 234.73 ▼ 0.22% CATTLE 354.83 ▼ 0.37% LITHIUM 72.32 ▼ 0.69% PETR4 39.39 ▲ 0.46% VALE3 74.36 ▲ 1.65% ITUB4 43.82 ▲ 2.89% BBDC4 18.67 ▲ 3.72% ABEV3 15.87 ▲ 0.95% BBAS3 20.49 ▲ 2.45% B3SA3 15.39 ▲ 4.06% WEGE3 46.50 ▲ 1.66% PRIO3 55.33 ▼ 0.50% SUZB3 41.57 ▲ 1.32% RENT3 40.65 ▲ 3.17% AZZA3 19.10 ▲ 3.47% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.38 ▲ 1.93% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.93 ▲ 1.02% NATU3 8.59 ▲ 1.54% BRKM5 6.49 ▲ 2.04% RANI3 7.97 ▲ 1.40% CSNA3 5.16 ▲ 7.50% CMIN3 5.10 ▲ 5.59% USIM5 8.47 ▲ 1.44% GGBR4 22.85 ▲ 1.65% ENEV3 27.22 ▲ 3.89% CPFE3 47.51 ▲ 2.64% CMIG4 11.32 ▲ 2.17% EQTL3 40.73 ▲ 3.09% LREN3 14.76 ▲ 4.31% VIVT3 35.52 ▲ 2.96% RAIL3 14.05 ▲ 2.18% KLABIN 17.45 ▲ 0.29% RAIA DROGASIL 18.87 ▲ 4.08% RDOR3 35.97 ▲ 2.33% HAPV3 10.61 ▲ 5.36% FLRY3 16.30 ▲ 3.49% SMTO3 15.93 ▼ 0.75% UGPA3 30.60 ▲ 1.66% VBBR3 32.65 ▲ 1.71% BBSE3 39.95 ▲ 1.71% BPAC11 57.43 ▲ 3.14% CURY3 33.70 ▲ 3.06% AERI3 2.08 ▲ 0.97% VIVARA 23.34 ▲ 3.37% COMPASS 25.18 ▲ 2.03% VAMOS 3.05 ▲ 3.04% SANB11 27.30 ▲ 4.00% ASAI3 8.83 ▲ 4.37% SBSP3 30.94 ▲ 3.13% WALMEX 49.33 ▲ 0.63% GMEXICO 198.08 ▲ 1.40% FEMSA 223.67 ▲ 0.58% CEMEX 21.85 ▲ 0.64% GFNORTE 188.29 ▲ 1.59% BIMBO 56.33 ▲ 0.72% TELEVISA 9.60 ▲ 1.16% AMX 23.02 ▲ 1.68% GAP 411.34 ▼ 0.58% ASUR 286.06 ▲ 0.86% OMA 235.42 ▼ 1.08% KOF 183.06 ▲ 1.19% GRUMA 286.72 ▲ 1.46% KIMBER 38.32 ▼ 0.31% SQM-B 67,678 ▼ 2.06% COPEC 6,000 ▼ 0.33% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,870 ▲ 0.33% ENELAM 84.61 ▲ 0.53% CENCOSUD 2,023 ▼ 1.63% CMPC 1,117 ▲ 2.06% BANCO CHILE 187.45 ▲ 0.24% LATAM AIR 26.11 ▼ 1.10% YPF 74,075 ▼ 2.24% GGAL 8,175 ▲ 3.74% PAMPA 5,190 ▼ 0.29% TXAR 662.50 ▼ 0.30% ALUAR 958.00 ▼ 1.08% TGS 9,485 ▲ 1.88% CEPU 2,325 ▲ 0.43% MIRGOR 17,250 ▲ 0.29% COME 45.70 ▲ 0.62% LOMA NEGRA 3,533 ▲ 1.00% BYMA 309.75 — 0.00% TELECOM ARG 4,150 ▲ 0.73% ECOPETROL 15.44 ▲ 0.32% BANCOLOMBIA 83.39 ▲ 3.04% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.44 ▲ 2.43% SOUTHERN COPPER 175.78 ▲ 0.77% BUENAVENTURA 30.20 ▲ 2.20% MERCADOLIBRE 1,868 ▲ 3.32% NUBANK 13.95 ▲ 2.01% XP 17.03 ▲ 3.78% PAGSEGURO 9.33 ▲ 3.61% STONE 11.26 ▲ 2.69% GLOBANT 30.14 ▼ 3.68% TECNOGLASS 44.15 ▲ 2.34% GAP AIRPORT 235.37 ▲ 0.38% ASUR 286.06 ▲ 0.86% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.27 ▲ 1.66% FEMSA ADR 128.11 ▲ 0.87% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.12 ▲ 0.53% VALE ADR 14.55 ▲ 2.29% ITAU ADR 8.58 ▲ 3.62% SANTANDER BR 5.40 ▲ 5.06% AMBEV ADR 3.09 ▲ 1.48% CSN 1.02 ▲ 6.32% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.49 ▼ 0.97% BTC 63,820 ▲ 0.99% ETH 1,786 ▲ 2.36% SOL 77.68 ▼ 0.47% XRP 1.10 ▲ 0.57% BNB 574.24 ▲ 1.02% ADA 0.17 — 0.00% DOGE 0.07 ▲ 1.35% AVAX 6.72 ▲ 0.56% LINK 7.91 ▲ 2.34% DOT 0.88 ▲ 6.29% LTC 44.55 ▲ 1.79% BCH 247.49 ▲ 4.09% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 1.13% HBAR 0.07 ▲ 0.41% NEAR 1.89 ▼ 1.48% ATOM 1.58 ▲ 1.75% AAVE 94.85 ▲ 3.94% SELIC 14.25% EMBRAER 84.97 ▲ 1.32% EMBRAER ADR 66.73 ▲ 1.82% JBS 11.85 ▲ 0.98% JBS BDR 60.33 ▲ 0.47% MBRF3 15.83 ▲ 2.73% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.71% IBOV 176,908 ▲ 2.41% IPSA 10,977 ▼ 0.44% IPC MEX 66,662 ▲ 0.84% MERVAL 3,237,852 ▲ 1.10% COLCAP 2,295.46 ▲ 0.12% BVL PERÚ 56,194.27 ▲ 1.30% USD/BRL 5.10 ▼ 0.32% USD/MXN 17.47 ▼ 0.43% USD/CLP 922.87 ▼ 0.52% USD/COP 3,240 ▼ 3.09% USD/PEN 3.39 ▼ 0.35% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.50 ▼ 0.09% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.10% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.02% BRENT 75.76 ▼ 0.71% WTI 71.28 ▼ 1.11% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.21% GOLD 4,124 ▼ 0.17% SILVER 60.29 ▼ 0.15% SOY 1,189 ▲ 0.76% CORN 459.00 ▲ 7.31% WHEAT 641.00 ▲ 4.87% COFFEE 334.30 ▼ 6.35% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 145.60 ▼ 2.87% COTTON 80.87 ▲ 6.18% COCOA 6,027 ▼ 4.47% BEEF 234.73 ▼ 0.22% CATTLE 354.83 ▼ 0.37% LITHIUM 72.32 ▼ 0.69% PETR4 39.39 ▲ 0.46% VALE3 74.36 ▲ 1.65% ITUB4 43.82 ▲ 2.89% BBDC4 18.67 ▲ 3.72% ABEV3 15.87 ▲ 0.95% BBAS3 20.49 ▲ 2.45% B3SA3 15.39 ▲ 4.06% WEGE3 46.50 ▲ 1.66% PRIO3 55.33 ▼ 0.50% SUZB3 41.57 ▲ 1.32% RENT3 40.65 ▲ 3.17% AZZA3 19.10 ▲ 3.47% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.38 ▲ 1.93% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.93 ▲ 1.02% NATU3 8.59 ▲ 1.54% BRKM5 6.49 ▲ 2.04% RANI3 7.97 ▲ 1.40% CSNA3 5.16 ▲ 7.50% CMIN3 5.10 ▲ 5.59% USIM5 8.47 ▲ 1.44% GGBR4 22.85 ▲ 1.65% ENEV3 27.22 ▲ 3.89% CPFE3 47.51 ▲ 2.64% CMIG4 11.32 ▲ 2.17% EQTL3 40.73 ▲ 3.09% LREN3 14.76 ▲ 4.31% VIVT3 35.52 ▲ 2.96% RAIL3 14.05 ▲ 2.18% KLABIN 17.45 ▲ 0.29% RAIA DROGASIL 18.87 ▲ 4.08% RDOR3 35.97 ▲ 2.33% HAPV3 10.61 ▲ 5.36% FLRY3 16.30 ▲ 3.49% SMTO3 15.93 ▼ 0.75% UGPA3 30.60 ▲ 1.66% VBBR3 32.65 ▲ 1.71% BBSE3 39.95 ▲ 1.71% BPAC11 57.43 ▲ 3.14% CURY3 33.70 ▲ 3.06% AERI3 2.08 ▲ 0.97% VIVARA 23.34 ▲ 3.37% COMPASS 25.18 ▲ 2.03% VAMOS 3.05 ▲ 3.04% SANB11 27.30 ▲ 4.00% ASAI3 8.83 ▲ 4.37% SBSP3 30.94 ▲ 3.13% WALMEX 49.33 ▲ 0.63% GMEXICO 198.08 ▲ 1.40% FEMSA 223.67 ▲ 0.58% CEMEX 21.85 ▲ 0.64% GFNORTE 188.29 ▲ 1.59% BIMBO 56.33 ▲ 0.72% TELEVISA 9.60 ▲ 1.16% AMX 23.02 ▲ 1.68% GAP 411.34 ▼ 0.58% ASUR 286.06 ▲ 0.86% OMA 235.42 ▼ 1.08% KOF 183.06 ▲ 1.19% GRUMA 286.72 ▲ 1.46% KIMBER 38.32 ▼ 0.31% SQM-B 67,678 ▼ 2.06% COPEC 6,000 ▼ 0.33% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,870 ▲ 0.33% ENELAM 84.61 ▲ 0.53% CENCOSUD 2,023 ▼ 1.63% CMPC 1,117 ▲ 2.06% BANCO CHILE 187.45 ▲ 0.24% LATAM AIR 26.11 ▼ 1.10% YPF 74,075 ▼ 2.24% GGAL 8,175 ▲ 3.74% PAMPA 5,190 ▼ 0.29% TXAR 662.50 ▼ 0.30% ALUAR 958.00 ▼ 1.08% TGS 9,485 ▲ 1.88% CEPU 2,325 ▲ 0.43% MIRGOR 17,250 ▲ 0.29% COME 45.70 ▲ 0.62% LOMA NEGRA 3,533 ▲ 1.00% BYMA 309.75 — 0.00% TELECOM ARG 4,150 ▲ 0.73% ECOPETROL 15.44 ▲ 0.32% BANCOLOMBIA 83.39 ▲ 3.04% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 401.44 ▲ 2.43% SOUTHERN COPPER 175.78 ▲ 0.77% BUENAVENTURA 30.20 ▲ 2.20% MERCADOLIBRE 1,868 ▲ 3.32% NUBANK 13.95 ▲ 2.01% XP 17.03 ▲ 3.78% PAGSEGURO 9.33 ▲ 3.61% STONE 11.26 ▲ 2.69% GLOBANT 30.14 ▼ 3.68% TECNOGLASS 44.15 ▲ 2.34% GAP AIRPORT 235.37 ▲ 0.38% ASUR 286.06 ▲ 0.86% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.27 ▲ 1.66% FEMSA ADR 128.11 ▲ 0.87% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.12 ▲ 0.53% VALE ADR 14.55 ▲ 2.29% ITAU ADR 8.58 ▲ 3.62% SANTANDER BR 5.40 ▲ 5.06% AMBEV ADR 3.09 ▲ 1.48% CSN 1.02 ▲ 6.32% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.49 ▼ 0.97% BTC 63,820 ▲ 0.99% ETH 1,786 ▲ 2.36% SOL 77.68 ▼ 0.47% XRP 1.10 ▲ 0.57% BNB 574.24 ▲ 1.02% ADA 0.17 — 0.00% DOGE 0.07 ▲ 1.35% AVAX 6.72 ▲ 0.56% LINK 7.91 ▲ 2.34% DOT 0.88 ▲ 6.29% LTC 44.55 ▲ 1.79% BCH 247.49 ▲ 4.09% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 1.13% HBAR 0.07 ▲ 0.41% NEAR 1.89 ▼ 1.48% ATOM 1.58 ▲ 1.75% AAVE 94.85 ▲ 3.94% SELIC 14.25% EMBRAER 84.97 ▲ 1.32% EMBRAER ADR 66.73 ▲ 1.82% JBS 11.85 ▲ 0.98% JBS BDR 60.33 ▲ 0.47% MBRF3 15.83 ▲ 2.73% MBRFY 3.03 ▲ 1.00% INTER 5.87 ▲ 2.71%
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Politics - Brazil Rio de Janeiro

Brazil’s Government Pushes for Reform Bill Amidst Scandal

By · April 17, 2017 · 2 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Trying to shift the focus back to government accomplishments, instead of the Supreme Court investigation of a staggering number of politicians, Brazilian President Michel Temer called a meeting on Easter Sunday of his top advisors and Congressional allies to discuss the social security reform in Congress.

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Brazil, Brasilia,President Temer met on Easter Sunday with cabinet members and legislators to discuss social security reform,
President Temer met on Easter Sunday with cabinet members and legislators to discuss social security reform, photo by Marcos Correa/PR.
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Among those attending the meeting were Finance Minister, Henrique Meirelles, Commission Chairman, Carlos Marun, General Secretariat to the Government, Wellington Moreira Franco, Senator Romero Jucá, Chamber President Rodrigo Maia and the bill’s rapourter, Artur de Oliveira Maia, the latter four named by Odebrecht executives as being implicated in the Lava Jato scandal.

For Representative Marun, however, the latest accusations against politicians in the Lava Jato corruption scheme will not deter the Administration from pushing through the social security reform.

“I do not have the slightest concern about this list interfering in the vote, I will not minimize the issue, which, on the contrary, demands an even greater effort that we fulfill our duty, which is to vote,” Marun told reporters after the meeting according to a government news agency.

According to a former Odebrecht executive more than R$10.6 billion was paid in bribes by the company for benefits between the years of 2006 and 2014.

Representative Marun also assured the press that the reform will be approved in the Chamber floor. Voting should take place in the first week of May.

To make sure that happens local media is reporting that President Temer has scheduled a breakfast on Tuesday to meet with Chamber representatives who support the administration. He is expected to state that his government has met most of the legislators’ demands and now he wants them to approve the reform.

In 2016, the deficit in Social Security accounts totaled R$149.7 billion. The government estimates that this year, the deficit will jump to R$188.8 billion and, in 2018, to R$202 billion.

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