Brazil’s Economic Team in Disarray After Two High Profile Losses

  • Guedes calls departure of secretaries Mattar, Uebel ‘stampede’
  • Pandemic derailed Brazil’s pro-markets, reform agenda
Salim MattarPhotographer: Andre Coelho/Bloomberg
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Brazil’s pro-market economic team, slammed by the pandemic, saw the resignation of two of its senior members in what Economy Minister Paulo Guedes called “a stampede.”

Salim Mattar, a businessmen turned privatization secretary, quit on Tuesday, Guedes said. Paulo Uebel, the government’s special secretary of de-bureaucratization who was charged with overhauling Brazil’s burdensome public sector with an administrative reform, also stepped down.