Brazil elects far-right president, worrying rights groups

US President Donald Trump speaks from the Rose Garden of the White House in Washington DC

His brash style and harsh statements have led many to compare him to the U.S. president, referring to him as "Trump of the tropics" or "Brazil's Donald Trump".

In one of the incoming administration's first major policy announcements, Bolsonaro's pick for chief of staff, Onyx Lorenzoni, confirmed the agriculture and environment ministries would be combined. "To increase deforestation and greenhouse gas emissions is to leave each and everyone of us more vulnerable to an increasing risk of climate extremes". Bolsonaro was referring to the hundreds of millions of reais the Brazilian government spends in advertising each year in local media outlets, mainly for promotions of state-run firms.

Against this backdrop Bolsonaro proposes to open up indigenous territories to mining and other economic activities; relax environmental legislation and protections, abolish the Ministry of the Environment, crack down on civil society and to relax laws related to gun ownership, especially in rural areas. "So, the minister of economy will include (fusion of) the finance, the planning and the industry and commerce ministry", Lorenzoni said.

Mariscal, however, expects Brazil to continue to see growth as the market continues to price in good news.

Guedes, who is well-liked by the markets, will head it.

Brazilian voters hung their hopes on a populist savior in closely-watched weekend elections, sweeping firebrand personality Jair Bolsonaro into the presidential office in a move that has human rights activists and those fearful of a return to authoritarianism on edge.

The former paratrooper is a deeply polarising figure who has in the past defended the actions of the country's former military regime and said he is "in favour of dictatorship".

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Bolsonaro said in February that he would not give up "one centimeter more" of land to indigenous communities in Brazil - home to around 60 percent of the Amazon rainforest - who are often threatened when standing up for their rights.

The far-right president-elect was swept to victory Sunday on a wave of anti-establishment outrage fueled in part by Moro's investigation into the large-scale looting of state oil company Petrobras, which has landed a laundry list of corrupt politicians and business executives in jail.

In a statement, Moro said he would be "honored" by such an invitation, and added that it "would be the object of careful discussion and reflection".

Lula himself was barred from running because he is serving a 12-year prison sentence for corruption.

Bolsonaro appeared in public Tuesday for the first time as president-elect.

"The election result is a fact, but the process that led to that result was full of malfeasance and fraud", said party leader Gleisi Hoffmann.

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