President Lula may announce Minister Flávio Dino’s replacement, Central Bank employees are on a 24-hour strike, and the government sent a bill to Congress to reformulate the bankruptcy law

BRAZIL POLITICS - Report 11 Jan 2024 by Murillo de Aragão and Cristiano Noronha

President Lula (PT) may announce today his final decision on who will replace Minister Flávio Dino (PSB) in the Ministry of Justice. Lula had a series of meetings with Ricardo Lewandowski, which suggests he is likely to be chosen for the position. On today's agenda, it is worth noting that Central Bank employees are on a 24-hour strike. They are complaining about the lack of salary raises and are calling for the creation of a productivity bonus. The government sent a bill to Congress to reformulate the bankruptcy law. The objective is to halve the period for companies to declare bankruptcy in Brazil, from 11 to 5 years, on average.

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