Brazil's Bolsonaro pledges privatizations if re-elected; mum on Petrobras

FILE PHOTO: Brazil's President Jair Bolsonaro speaks during a poultry and pork event in Sao Paulo, Brazil August 9, 2022. REUTERS/Carla Carniel

BRASILIA (Reuters) - Brazil's President Jair Bolsonaro did not mention privatizing state-controlled oil company Petrobras in his re-election plan released on Wednesday that promises to continue pursuing policies that reduce the size of the state.

"The government ... will proceed with reordering the state's role in the economy, through privatization and divestment of state-owned companies, to focus on state participation in essential activities and in promoting Brazil's economic, social and sustainable development," the plan said.