Economics
Paulo Guedes Waited Decades to Change Brazil and He’s Not Quitting Now
- Bolsonaro still has the final say over economic policy
- Despite frustrations, Guedes keen to leave significant legacy
This article is for subscribers only.
When Paulo Guedes became Brazil’s economy minister in January, investors hoped it would be the former fund manager rather than President Jair Bolsonaro steering the world’s ninth-largest economy.
Ten months on, both Guedes and his cheerleaders are getting a reality check on how government really works as Bolsonaro, the former Army captain who once declared he knows nothing about economics, pulls rank.