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What (and Who) Will Emerge From the Crisis in Brazil?

Date & Time

Thursday
Jun. 1, 2017
10:00am聽鈥撀12:00pm ET

Location

6th Floor, Woodrow Wilson Center

Overview

Until mid-May, positive economic growth and declining inflation in the first quarter of 2017 suggested that Brazil was finally beginning to recover, slowly, from the longest and deepest economic contraction in its history. Investor confidence in Latin America鈥檚 largest economy was also improving as Congress moved forward on social security and other structural reforms necessary to address the serious fiscal imbalances at the root of the economic crisis.

Then came the latest bombshell: a surreptitiously taped and highly inappropriate late-night conversation between President Michel Temer and an owner of the world鈥檚 largest meat processing company, Brazil鈥檚 JBS. The recording included a discussion of maneuvers to obstruct justice and shield tainted politicians and others from ongoing corruption investigations. Despite mounting demands that he step down, a defiant Temer has vowed not to resign, throwing the country into what historian Boris Fausto, a former Wilson Center Fellow, described as 鈥渢he largest and most dramatic crisis鈥 in Brazil鈥檚 history.聽

What鈥攁nd who鈥攚ill emerge out of this self-inflicted mess in Brazil? With most nationally recognized politicians under suspicion or criminal investigation, who will lead Brazil forward?

Join the Brazil Institute on June 1st to explore these issues and potential scenarios for Brazil over the next year and a half, framed by the presentation of a new opinion poll by Ideia Intelig锚ncia on Brazilian public attitudes toward the crisis. Restoring confidence will require the resolution of the severe crisis of leadership exposed by the still-expanding federal criminal investigations into systemic corruption among the business and political elites. Remarkably, the country鈥檚 many challenges are being addressed within a resilient institutional framework, but significant uncertainty remains with presidential and general elections on the horizon in October 2018 and the campaigns set to start in just one year.


Hosted By

Brazil Institute

The Brazil Institute鈥攖he only country-specific policy institution focused on Brazil in Washington鈥攁ims to deepen understanding of Brazil鈥檚 complex landscape and strengthen relations between Brazilian and U.S. institutions across all sectors.聽 Our mission is to provide thoughtful leadership and innovative ideas to help democracies evolve and enhance their capacity to deliver results. We achieve this by producing independent research and programs that bridge the gap between scholarship and policy, while serving as a hub for policymakers, scholars, and private sector leaders.聽  Read more

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