Brazil's Bolsonaro Party Concedes Lula's Reelection as Ex-President Faces Travel Ban

letemps.ch (French) —

Flavio Bolsonaro's party has officially recognized Luiz Inacio Lula da Silva's reelection as Brazil's president, while the conservative candidate himself has not conceded defeat and faces travel restrictions. The Liberal Party acknowledged the electoral court's proclaimed result but requested clarifications on social welfare measures. Bolsonaro announced he was ordered to surrender his passports and banned from leaving the country amid a corruption investigation. Lula secured an unprecedented fourth term, defeating Bolsonaro by four points. International leaders congratulated him, though Donald Trump called the vote rigged. Brazilian markets fell nearly 14 percent on concerns over Lula's spending plans and fiscal discipline.


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