Zema Proposes Immediate Sale of Petrobras and Banco do Brasil to Fund Infrastructure

Overview

• Romeu Zema, who spoke at Novo’s 10th National Meeting on Saturday, July 18, formally included immediate privatization of Petrobras and Banco do Brasil to pay for roads, railways, waterways and ports.
• He framed the asset sales inside a fiscal program to cut public spending, lower public debt and push down interest rates to spur economic growth.
• Zema said he will seek a Senate majority to approve the impeachment of Supreme Federal Court minister Alexandre de Moraes and proposed ending monocratic STF rulings, abolishing foro privilegiado and banning ministers’ relatives from practicing in the same courts.
• On public security he pledged to classify criminal factions as terrorist organizations, use the Armed Forces to retake territory controlled by crime and impose a minimum 25-year sentence for members of those groups.
• The proposals touch two of Brazil’s most politically sensitive state firms and signal likely legal fights and market uncertainty if pursued, with immediate effects on investors, public services and the campaign debate ahead of the 2026 presidential race.