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Guedes Estimates That a Target of US $ 20 Billion in Privatizations in 2019 Can Be Exceeded by Up To 40%

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Economy Minister Paulo Guedes on Wednesday estimated that the government could surpass its $ 20 billion privatization target by 2019 by as much as 40 percent.

In attending a conference at XP Investimentos in New York, Guedes also said he was optimistic that Congress would approve a pension reform that would generate savings of 1 trillion reais in 10 years, in line with the government’s ambitious proposal.