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Brazil & Southern Cone - July 2021

Introduction

The July edition of the Latin American Regional Report: Brazil & Southern Cone begins by analysing the likely privatisation of Eletrobras, Brazil’s state-controlled electricity firm and the largest utilities company in Latin America, after congress approved a bill laying out the terms for the firm’s sale in June. If it goes ahead, this will be the biggest privatisation carried out by President Jair Bolsonaro’s government. However, following multiple amendments introduced by lawmakers, the terms of the privatisation have met with criticism; a severe nationwide drought, currently driving up electricity prices, could also deter investors from taking part.

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