Evaristo Sa | AFP | Getty Photos
Brazilian President Jair Bolsonaro delivers a speech through the appointment ceremony of the brand new heads of public banks, at Planalto Palace in Brasilia on January 7, 2019.
Brazil’s newly-elected populist President Jair Bolsonaro will take middle stage on the World Financial Discussion board (WEF) subsequent week, taking the baton from Donald Trump after the U.S. president introduced he wouldn’t be becoming a member of the wealthy and highly effective in Davos this 12 months.
Hundreds of enterprise, political and cultural leaders are scheduled to return to the Swiss Alpine city of Davos on Monday. The annual discussion board is seen as a possibility for worldwide heads of state to return collectively to attempt to put the world to rights.
This 12 months’s five-day occasion is with out its foremost attraction of 2018, after Trump abruptly scrapped plans to hitch different world leaders on the discussion board as a result of ongoing authorities shutdown.
However, the absence of the U.S. president is prone to thrust Brazil’s premier into the highlight, lower than three weeks after his inauguration.
“Bolsonaro would be the first LATAM (Latin America) speaker at Davos, talking for 45 minutes — however that is the place the hazard is,” Carlos Caicedo, senior principal analyst for Latin America at IHS Markit, a London-based analysis agency, advised CNBC by way of phone on Friday.
“At his inauguration, he solely spoke for 10 minutes, which means his advisors may hold him on message. However, it is a man who has made a reputation for himself by saying no matter he desires and solely worrying in regards to the penalties later … Fortunately there is no such thing as a query and reply session afterwards,” Caicedo stated.