Bolsonaro Denies Any Plans to Privatize Banco do Brasil or Caixa Economica

President Jair Bolsonaro denied yesterday, December 4th, any intention to privatize Banco do Brasil and Caixa Econômica Federal.

RIO DE JANEIRO, BRAZIL - The statement was given in response to a report published on Tuesday by the newspaper O Globo. According to the newspaper, the team of Economy Minister Paulo Guedes was conducting studies to give up control of Banco do Brasil.

"Look, I saw on the cover, it was on Globo yesterday, that says that people are starting to study privatization of Banco do Brasil. A low-ranking employee says that - but I have nothing to do with it. I can't control hundreds of thousands of civil servants in Brazil. For my part, Subscribe to our Premium Membership Plan. Already Subscribed?