Guido Mantega
| Guido Mantega | |
|---|---|
 | |
| Minister of Finance | |
|
In office 27 March 2006 – 1 January 2015 | |
| President |
Luiz Inácio Lula da Silva Dilma Rousseff |
| Preceded by | Antonio Palocci |
| Succeeded by | Joaquim Levy |
| Minister of Planning and the Budget | |
|
In office 1 January 2003 – 18 November 2004 | |
| President | Luiz Inácio Lula da Silva |
| Preceded by | Guilherme Gomes Dias |
| Succeeded by | Nelson Machado |
| Personal details | |
| Born |
7 April 1949 Genoa, Italy |
| Nationality | Brazilian & Italian |
| Political party | Workers' Party (PT) |
| Alma mater | University of São Paulo |
| Profession | Economist |
Guido Mantega (Portuguese pronunciation: [ˈɡidu ˈmɐ̃teɡɐ]; born 7 April 1949 in Genoa, Italy) is an Italian Brazilian economist,[1] and politician who was Brazil's Finance Minister.[2][3] Mr Mantega served as Brazil's Finance Minister for more than eight years, being the longest-serving Finance Minister in the history of Brazil.
He graduated in Economics from the School of Economics, Business and Accounting of the University of São Paulo, he holds a Ph.D. in Sociology from the University of São Paulo and is a professor of Economics at several leading universities of São Paulo.
He has long been associated with the left wing Workers' Party and was a key member in the successful presidential campaign of the party's founder and leader, Luiz Inácio Lula da Silva. Upon Lula's access to power in 2003, Mantega was appointed Minister of Planning, and later chairman to BNDES (National Bank for Economical and Social Development).
On March 27, 2006 he was named Brazil's Finance Minister, replacing Antonio Palocci, who resigned in the wake of corruption charges. Mr Mantega left office in December 2014, when he was replaced by the Chicago-trained economist Joaquim Levy.
In mid-2013, financial-markets commentator David Marsh wrote:
Developing-nation economic leaders such as Guido Mantega, Brazil’s outspoken finance minister — who two years ago accused the U.S. of launching “currency wars” through QE and a lower dollar, allegedly to steal a growth advantage — have had to change their tune.
Marsh's comments came as the Federal Reserve's Ben Bernanke was beginning to explore the end of QE and one impact was a "withdrawal of liquidity" from markets such as Brazil's.[4]
Notes and citations
- ↑ brasil.gov.br
- ↑ Wolf, Martin (2010-09-29). "Currencies clash in new age of beggar-my-neighbour". The Financial Times. Retrieved 2010-09-29.
- ↑ Wheatley, Jonathan, and Peter Garnham (2010-09-27). "Brazil in currency war alert". The Financial Times. Retrieved 2010-09-29.
- ↑ Marsh, David, "Main impact of QE3 withdrawal will be in Europe", MarketWatch, June 24, 2013. Retrieved 2013-06-24.
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