Brazil's Flávio Bolsonaro plan excludes Petrobras, BB privatization; Sachsida vows civil servant respect

Adolfo Sachsida, coordinator of Flávio Bolsonaro's economic plan, confirmed that Petrobras and Banco do Brasil will not be privatized under the proposal, while pledging 'respect' for public servants but criticizing high monthly earnings. This signals a policy shift from prior privatization rhetoric, potentially affecting market expectations for state-owned enterprise reform.