FP’s Guide to the Bolsonaro Presidency

FP’s Guide to the Bolsonaro Presidency

"The Bolsonaro effect is a derivative of the Brazilian market not wanting another term of the PT Party in power", said Andean Capital Investments president Daniel Osorio.

As an worldwide community of NGOs, we call on President Bolsonaro to use his position not just as a national leader, but as a global leader, to fulfill Brazil's global responsibilities to protect human rights, democracy and the environment, and to honour the agreements and conventions it has signed up to Governments and the worldwide business community must work to do the same. "We can't go from a victory at the ballot box to chaos in Congress", Guedes told journalists.

Fervent support of the agri-food sector, Jair Bolsonaro seems to give priority to investors rather than to environmentalists, and has threatened to withdraw his country of the Paris agreement on climate, as only the u.s. president has done so here.

Trump's friendly call augurs closer political ties between the two largest economies in the Americas - both now led by conservative populists promising to overturn the political establishment. Bolsonaro won 55.2 percent of votes in a run-off election against left-wing hopeful Fernando Haddad of the Workers Party (PT), who garnered 44.8 percent, according to electoral authority TSE.

Bolsonaro was elected Sunday and will take office january 1.

"His reckless plans to industrialize the Amazon in concert with Brazilian and worldwide agribusiness and mining sectors will bring untold destruction to the planet's largest rainforest and the communities who call it home, and spell disaster for the global climate", stated Amazon Watch program director Christian Poirer shortly after Bolsonaro's victory.

Most of the rainforest is located in Brazil, which has taken major steps in recent years to protect it in the face of massive deforestation that has reduced its size by about 20 percent in the past 50 years.

"If (Bolsonaro) decides to move forward with his pledges against the environment, indigenous peoples and the climate, his fellow citizens will be the biggest victims", said Carlos Rittl, executive secretary of the Brazilian Climate Observatory.

"The fact Bolsonaro is already talking about reforms is a good sign", said economist Victor Candido of Guide Investimentos.

In a separate interview with Reuters, he said the president-elect would meet with Guedes and other members of his team on Tuesday.

Bolsonaro's punchy, bare-bones campaign mirrored Trump's playbook as the Brazilian vowed to crush crime, railed against media coverage, embraced Christian identity and shifted tone sharply from previous leaders' celebration of ethnic diversity.

"The PT elected Bolsonaro", he said in an interview published Wednesday.

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