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Country Risk

Lula Still Leads in Brazil, But Bolsonaro Gains 

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  • Former Brazilian President Luiz Inacio “Lula” da Silva is leading polls ahead of presidential elections this October, but incumbent Jair Bolsonaro is making up ground.
  • High fuel prices have emerged as a campaign trail flashpoint, and driven leadership reshuffles.
  • Lula is leaning toward the center and is expected to preserve key parts of the industry's status quo if elected, but incremental changes could bring headaches.

The Issue

Topics:
Elections, Policy and Regulation, Resource Access, Fiscal Terms
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