From January 1, Brazil will have a new administration determined to bring changes that are bound to greatly affect business and investments. Some of the country’s chief challenges must be addressed by Constitutional amendments, but there is room for many changes through infra-Constitutional legislation and administrative decisions. At the same time, President-elect Jair Bolsonaro has to appease his voters’ frustration with traditional politics and corruption and their exhaustion with widespread criminality that affects urban populations. This Newsletter provides you with analysis on developments and prospects for Brazil. We hope it can be of good use for those who invest in, and do business with the country.