Davi Alcolumbre, the President of the Senate in Brazil, is under pressure from lawmakers to initiate a Parliamentary Inquiry Commission (CPI) into the Banco Master. In a strategic move, he has temporarily reduced Senate activities and is likely to avoid Congressional sessions to buy time. Alcolumbre's allies are anticipating a decision on the CPIs after the Carnival period, as he plans to meet with President Lula in the near future.

Political leaders within Congress are inclined to steer clear of contentious topics like the CPI due to the impending election year. With the upcoming party switch window for deputies in March and the conventions set for July, major legislative discussions are increasingly dominated by election-related maneuvering. This political climate makes it critical for Alcolumbre to delay any decisions regarding the CPIs, as prolonged postponements could limit their operational effectiveness.

The urgency behind these actions is further emphasized by a recent operation conducted by the Federal Police against Amapá Previdência, the pension fund management associated with the state of Amapá, illustrating the current political and judicial tensions within Brazil. By managing the timeline of this CPI, Alcolumbre appears to be aiming for a more favorable negotiating position with the government and mitigating potential fallout before the election activities take precedence in Congress.