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Rousseff announces three members of new economic staff

Joaquim Levy is to take office as Finance Minister and Nelson Barbosa
Luana Lourenço and Paulo Victor Chagas report from Agência Brasil
Published on 27/11/2014 - 18:44
Brasília
Apresentação da nova equipe econômica. E/D: o presidente do Banco Central, Alexandre Tombini e os novos ministros da Fazenda, Joaquim Levy e do Planejamento, Nelson Barbosa (Wilson Dias/Agência Brasil)
© 27 16:47:55
Apresentação da nova equipe econômica. E/D: o presidente do Banco Central, Alexandre Tombini e os novos ministros da Fazenda, Joaquim Levy e do Planejamento, Nelson Barbosa (Wilson Dias/Agência Brasil)

The head of the Ministry of Planning will be Nelson Barbosa, former executive secretary of the Ministry of Finance. Alexandre Tombini is to keep his position as the president of the Central Bank. Wilson Dias/Agência Brasil

President Dilma Rousseff nominated on Thursday (Nov 27) the three main members of the economic staff for her second tenure. Joaquim Levy, former secretary of the National Treasury, will be the new finance minister. The head of the Ministry of Planning will be Nelson Barbosa, former executive secretary of the Ministry of Finance. Alexandre Tombini is to keep his position as the president of the Central Bank. These are the first appointments for the Cabinet of President Dilma Rousseff, whose second inauguration is slated for January 1.

In her official announcement, Rousseff expressed her gratitude towards current Finance Minister Guido Mantega and Planning Minister Miriam Belchior. “In his 12 years of government, Mantega had a key role in facing the international economic crisis, prioritizing the creation of jobs and the improvement of the income of the population,” Rousseff said, adding that Miriam Belchior proved a competent leader by “heading the progress of the works in the PAC [Accelerated Growth Program] and the management of the federal budget.”

Joaquim Levy's experience encompasses both the financial market and the public sector.

Holding a PhD from the University of Chicago, one of the main centers for the financial market's most active economists, the future finance minister has been the superintendent director of Bradesco Asset Management, Bradesco's branch for investment funds. He was also the secretary of the National Treasury during the government of then President Luiz Inácio Lula da Silva, under then Finance Minister Antonio Palocci, from 2003 to 2006.

During the administration of ex-President Fernando Henrique Cardoso, he was deputy secretary at the Secretariat of Economic Policy of the Finance Ministry in 2000. The following year, he was appointed chief economist at the Ministry of Planning, and was retained on the economic staff after the government transition from Fernando Henrique to Lula da Silva.

Barbosa, in turn, was a member of the economic staff of the government during both of Lula da Silva's tenures.

He is a professor at the Federal University of Rio de Janeiro (UFRJ) and holds a PhD in economics from New School for Social Research, in the United States.

In 2003, he was a member of Guido Mantega's team at he Ministry of Planning. From 2004 to 2006, he worked at the Brazilian Development Bank (BNDES), also alongside Mantega. In the Ministry of Finance, Barbosa headed the Secretariat of Economic Monitoring in 2007 and 2008, and the Secretariat of Economic Policy from 2008 to 2010. As executive secretary in the ministry under Rousseff, he conducted studies on tax alleviation measures aimed at boosting the economy, and designed a small tax reform in an attempt to gradually put an end to the tax war between states. He also took part in the creation of top-priority government initiatives, like the aforementioned PAC and the My House My Life Program.

Translated by Fabrício Ferreira de Oliveira


Fonte: Rousseff announces three members of new economic staff