Guido Mantega

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Guido Mantega
Guido mantega.jpg
Coat of arms of Brazil.svg
Minister of Finance
Incumbent
Assumed office
March 27, 2006
President Luiz Inácio Lula da Silva
Preceded by Antonio Palocci
Coat of arms of Brazil.svg
Minister of Planning and Budget
In office
January 1, 2003 – November 18, 2004
President Luiz Inácio Lula da Silva
Preceded by Guilherme Gomes Dias
Succeeded by Nelson Machado
Personal details
Born (1949-04-07) April 7, 1949 (age 65)
Genoa, Italy
Nationality Brazilian & Italian
Political party Workers' Party (PT)
Alma mater University of São Paulo
Profession Economist
Religion Jewish

Guido Mantega (Portuguese pronunciation: [ˈɡidu ˈmɐ̃teɡɐ]; born April 7, 1949 in Genoa, Italy) is an Brazilian economist,[1] politician and currently Brazil's Finance Minister.[2][3]

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.

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[edit]

  1. ^ brasil.gov.br
  2. ^ Wolf, Martin (2010-09-29). "Currencies clash in new age of beggar-my-neighbour". The Financial Times. Retrieved 2010-09-29. 
  3. ^ Wheatley, Jonathan, and Peter Garnham (2010-09-27). "Brazil in currency war alert". The Financial Times. Retrieved 2010-09-29. 
  4. ^ Marsh, David, "Main impact of QE3 withdrawal will be in Europe", MarketWatch, June 24, 2013. Retrieved 2013-06-24.