The International Monetary Fund's board on Wednesday recommended a rule change that would scrap the age limit for its leader, clearing the path to the top job for Bulgaria's Kristalina Georgieva.
Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.
Brazil's central bank held fire on interest rates on Wednesday despite lackluster growth in Latin America's biggest economy and uncertainty over President Jair Bolsonaro's ability to push through a much-needed pension reform.
Brazil's pension reform process hit two speed bumps on Tuesday, as Economy Minister Paulo Guedes did not attend a first congressional hearing on the proposals and a bloc of eleven political parties demanded the removal of changes affecting retirement benefits for rural and disabled workers.
Finance Minister Henrique Meirelles said on Wednesday that he is focused on Brazil’s economic recovery and not thinking at this time of running for president in the October election, though he might consider a bid in April.