BRASÍLIA—Brazilian efforts to reform the economy have lost momentum, but Congress is still likely to pass some market-friendly legislation before October elections, the country’s new finance minister, Eduardo Guardia, said Thursday.
A pension overhaul considered key to keep the country solvent was shelved earlier this year and bills to privatize money-losing power company Eletrobrás, reduce consumer-credit risk, simplify corporate tax and modernize bankruptcy have lost steam as Brazilian lawmakers turn their focus toward the...