January 7, 2020 / 10:53 PM / 19 days ago

Brazil's Bolsonaro favorable to privatizing postal service: spokesman

FILE PHOTO: Brazil's President Jair Bolsonaro looks on as he leaves the Alvorada Palace in Brasilia, Brazil December 12, 2019. REUTERS/Adriano Machado

BRASILIA (Reuters) - Brazilian president Jair Bolsonaro would like to privatize the country’s postal service immediately, but will wait for the technical analysis by development bank BNDES, presidential spokesman Otavio Rego Barros said.

The spokesman said Bolsonaro will “make an effort” to accelerate privatizations during his tenure to reduce the size of the Brazilian state.

Reporting by Ricardo Britto; Writing by Tatiana Bautzer; Editing by Chris Reese

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