March 20, 2019

Bolsonaro To Merge Finance, Planning and Trade Into One Super Ministry

03 November 2018, 10:27 | Dale Webster

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In his television interview Bolsonaro - who recently threatened to exile or jail "red outlaws" - said he expected "fierce" opposition but would not seek "to crush" such dissent.

Brazil's benchmark Bovespa stock index rose as much as 3 percent to an all-time high in opening trade, led higher by shares of state-owned firms and blue-chips, before retreating and closing 2.2 percent down. The Sao Paulo stock market closed up 3.69% on the news.

Bolsonaro, a far-right former army captain who will take office January 1, said during an interview after his Sunday election that he would ask federal judge Sergio Moro to be his justice minister or fill a future vacancy on the supreme court.

Bolsonaro plans to be here November 6 to meet with outgoing President Michel Temer.

Bolsonaro who has shaped himself as the "Tropical Trump" - a pro-gun, anti-establishment crusader, told his 1.9 million Twitter followers ahead of what some call the most important election in Brazilian history "WE'RE GOING TO TURN BRAZIL INTO A GREAT NATION".

Mr. Bolsonaro, the so-called "Trump of the Tropics", is a notoriously divisive figure, whose hardline approach has deeply divided Latin America's largest country. In his decades as a Congressman, he has been particularly vocal about his distaste for gays: He has said that he would rather his son die in an accident than be gay; has advocated that parents should beat being gay out of their children; and in 2013 proclaimed, "Yes, I am homophobic - and very proud of it".

Brazil's election of the fringe, far-right politician Jair Bolsonaro means business as usual for German companies. 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.

Although two Supreme Court justices will complete their terms during Bolsonaro's mandate, Reis said that the court would still likely be favorable to LGBTQ issues.

Bolsonaro, 63, said he planned to govern "following the teachings of God, alongside the Brazilian constitution and with good technical advice, without political leanings". The five-member slate includes a transgender woman and offers a progressive agenda.

"It's possible that even with his win, we could see a further wave of violence among Bolsonaro's supporters against those who backed his opponent", Santoro said. He promised to merge Brazil's agriculture and environment ministries into one, saying "we won't have any more fights" over ecological concerns on deforestation.

With Bolsonaro like Trump holding the global body in low esteem, it is unlikely he will prioritize the Security Council, Velasco said.

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