Will any of Petrobras, Banco do Brasil or Caixa Economica Federal be privatized until EOY 2026?
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Verouderd25 aug 24, 21:21 UTC1 jan 27, 02:59 UTC
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Manifold MarketsRegels
Folha de São Paulo, one of Brazil's largest newspapers, recently published an editorial advocating for the privatization of 3 of Brazil's most notable state-owned enterprises: The Brazilian Petroleum Corporation (Petrobras), the Bank of Brazil (Banco do Brasil) and the Federal Saving Bank (Caixa Econômica Federal)
- The article can be read here: https://www1.folha.uol.com.br/opiniao/2024/08/privatizar-petrobras-caixa-e-banco-do-brasil.shtml
- Over the past decades, Brazil has been gradually reducing the importance of state-owned enterprises in its economy.
- This process has both its supporters and detractors.
- These 3 specific companies have been seen as "core" SOEs and their privatization would mean a very important victory of the anti-state factions in this debate.
- This market resolves YES if, until the end of 2026 (coinciding with the end of Lula's presidential mandate) the government has made an official declaration that any of these 3 corporations will be privatized.
