Brazil's newly appointed president took to Twitter to announce plans to privatize 12 airports and 4 seaports.

Right-wing nationalist Jair Bolsonaro was sworn in as Brazil's president on Tuesday, promising in his inaugural speech to "create a new virtuous cycle to open markets" and "carry out important structural reforms". Bolsonaro's election campaign included pledges to transition parts of the Brazilian economy from state-owned companies to more private sector operations, and a tweet on Thursday appeared to "underline a commitment to that ideology."

We will quickly attract initial investments of around R$7 billion, with railroad concessions, 12 airports and 4 port terminals. With investor confidence under favorable conditions for the population, we will rescue the initial development of Brazil's infrastructure.

- Jair M. Bolsonaro (@jairbolsonaro) 3 January 2019

The President stated that the privatization of airports and ports would raise initial investments of 7 billion reais (1,85 billion dollars).

Before his inauguration, the new leader criticized Brazil's economy as being burdened by "hundreds of bureaucratic governing bodies", claiming that his government would aim to "untangle the mess".

The state's "sell-off" is expected to help raise more than 250 billion reais in assets potentially ready to enter the bloc.

A Brazil's unemployment rate fell to 11,6% in the three months to November 2018 from 12,1% in the three months to August. It's the lowest unemployment rate since the three months to July 2016, but still well above a record low of 6,2% in December 2013.

Brazil recorded a government budget deficit equal to 7,8% of the country's Gross Domestic Product (GDP) in 2017 and reducing public debt is seen as another of Bolsonaro's biggest challenges.

A key test will be whether the new president can garner enough political support to undertake reform of the Brazilian government's massive pension obligations.

The 63-year-old Bolsonaro is Brazil's first far-right president since the country ended rule by a military dictatorship in 1985. One in three of his cabinet are former army officers. Experts predict that in Bolsonaro's first term, more than 180 billion dollars in investments will enter the country's cash, as you can see in the official article here.