Brazil's President Gives Congress More Time to Consider Reforms

摘要

Bowing to pressure from opposition lawmakers, Brazil's President Luiz Inacio Lula da Silva has agreed to drop a demand for "fasttrack" congressional approval of a major overhaul of the regulatory framework for the country's oil and gas industry. Some analysts see the move as a harbinger of further delays, but many believe the reform package will still be approved by mid- 2010 (IOD Sep.1,p1).