Icy waters ahead for Brazil

Article Abstract:

Brazil's privatization program faces a rough road, due to central bank governor Gustavo Franco's resignation, continuing problems concerning the repayment of state debts to the national government, and the freeing of trading bands for the national currency, the Real. Brazil's state and federal governments are anxious to raise cash through privatization programs, but currency uncertainty and investor caution have raised the prospect of sell-offs occurring at lower prices. The governments must decide, therefore, whether to postpone sales and forego much-needed revenues.

Government domestic functions, Brazil, Other General Government Support, Government Enterprises-State, National Government Enterprises, Economic policy, Political aspects, Public finance, Public enterprises

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Heavy privatization current in Brazil

Article Abstract:

Brazil has undertaken its last power privatization for 1997, with the purchase of a 77.92% stake in Companhia Electrica do Rio Grande do Norte (Cosern), by a group led by Bahia power company Coelba. some 15 power company stakes will be sold during the first half of 1998 including the Pardo generation unit of Cesp, and Eletrosul, the federal utility. A stake in Banco Meriodional has been sold to Bozano, Simonsen.

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