Brazil’s Bolsonaro Vows to Follow Constitution, Orders Transition to Lula

  • Bolsonaro broke two-day silence that left Brazil on edge
  • Chief of staff says formal transition to begin Thursday
President Jair Bolsonaro speaks during a news conference at Alvorada Palace in Brasilia, on Nov. 1.Photographer: Arthur Menescal/Bloomberg
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Brazilian President Jair Bolsonaro vowed to respect the constitution and authorized the government to start the political transition after his loss to Luiz Inacio Lula da Silva.

While stopping short of formally conceding defeat, the brief remarks made by the president almost 48 hours after the election were seen by investors, analysts and the courts alike as enough of a gesture to lay to rest lingering concerns about a smooth transition of power.