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Brazilian president announces privatization plan

Staff Writer | September 14, 2016
Brazilian president Michel Temer has announced a privatization plan aimed at propelling Latin America's biggest economy out of its worst financial crisis in decades.
Michel Temer
LatAm   Making reforms and attracting foreign investors
Temer says the privatizations will include the building and management of roads, railways, airports, mining facilities and oil fields. He says they will happen in 2017 and 2018.

In his words, the plan represents an "extraordinary opening" of Brazil's infrastructure.

Temer was vice president before he took over the presidency after president Dilma Rousseff was removed from office on charges of illegally shifting government funds between budgets.

Temer has promised to pull the economy out of recession by making reforms and attracting foreign investors.