Former government advisor Adriano Pires speaks to BNamericas about how Brazil's latest political crisis will impact investors.
Opposition politicians called for snap elections on Thursday while protesters marched in major cities amid revelations that President Michel Temer was recorded discussing bribes to silence jailed former lower house speaker Eduardo Cunha.
Although his deposition was originally scheduled to take place on May 18, Marcelo Odebrecht has already given his testimony to Brazilian authorities, according to the Mexican attorney general's office.
President Michel Temer was supposedly recorded discussing bribes for a politician arrested in the Lava Jato anti-corruption investigation.
The privatizations would allow distributors to raise investments and expand their respective pipeline networks as states grapple with a prolonged fiscal crisis.
New report by the Inter-American Dialogue think tank cites pro-business measures by Brazilian President Michel Temer and his Argentine counterpart, Mauricio Macri.