Lula Announces that Privatizations Will Come to an End in Brazil

President-elect announced Aloizio Mercadante as president of the National Bank for Economic and Social Development

Brasília

President-elect Luiz Inácio Lula da Silva (PT) announced this Tuesday (13) the former minister and former senator Aloizio Mercadante for the presidency of BNDES (National Bank for Economic and Social Development).

Brazilian politician Aloizio Mercadante attends a news conference at the transition government building in Brasilia, Brazil December 1, 2022. REUTERS/Adriano Machado - REUTERS

"Aloizio Mercadante, I've heard some criticisms about you, rumors that you are going to be president of the BNDES. I want to tell you that it is no longer a rumor: Aloizio Mercadante will be president", said Lula. The president also declared that "privatization will soon come to an end in this country".

Lula participated in an event to close the activities of the technical groups of the transitional cabinet, this Tuesday afternoon (13). He was at a table next to elected vice-president Geraldo Alckmin (PSB), first ladies Janja and Lu Alckmin, PT president Gleisi Hoffmann, ministers already appointed to the future government, and other coordinators of the transition, such as Mercadante himself.

"We need someone who thinks about development, someone who thinks about re-industrializing this country, someone who thinks about technological innovation. Who thinks about generating financing for small, large, and medium-sized businesses so that this country can once again generate jobs", said Lula, praising the future president of the bank

"The privatizations in this country will come to an end. They have already privatized almost everything, but it will end and we will prove that some public companies will be able to show their profitability", completed Lula.

Translated by Cassy Dias

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