Brazil's Economy Minister assured of positive outcome of pension reform bill

Brazilian Economy Minister Paulo Guedes said on Wednesday he is "optimistic" that Congress will pass a pension reform bill that will generate savings of 1 trillion reais ($261.68 billion), in line with the government's ambitious proposal.

Guedes is also confident Brazil will exceed its 2019 privatization goal of raising $20 billion from the sale of public assets by as much as 40 percent, he told a conference in New York.