Thread by @amywebb

Highlights from the Brazil: A New Roadmap session at #wef2023 #davos2023 featuring Fernando Haddad, Minister of Finance and Marina Silva, Minister of Environment and Climate Change 1/ ?

• The aftermath of the January 8th insurrection is still being felt throughout Brazil

• There are notable parallels to the situation in the US: most people who voted for Bolsonaro did not support (or want) the insurrection.

• President Lula has established a coalition, but faces challenges that will come from the far right in Brazil

• Minister Haddad: Bolsonaro's government overspent and created an imbalance; tax reform is needed but will be difficult

• Haddad: regional stimulation will be a focus of the new Lula government, within Brazil but importantly within South America

• Haddad wants to see Brazil's economic growth rise above global averages as soon as possible
• Haddad: reaction from Brazil's biz leaders to the new financial vision for the country has been "very good" --

I've actually seen the opposite, with business leaders cautious/ concerned about this new government

• Lula's government will prioritize economic stability and predictability to stimulate growth

• Minister Silva: "We're back" -- after for years Brazil was missed in multilateral environmental agenda meetings

• Silva: we will help shape the global agenda on climate change and biodiversity
• Brazil aims to achieve zero deforestation by 2030

• Silva: Brazil must transition from a carbon intense economy to a low-carbon economy, but will need new partnerships

• Both: we need stronger partnerships between business and public enterprises, and for business to make new commitments to sustainability, new energy, human rights

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