Guido Mantega

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Guido Mantega
Guido mantega.jpg
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 (age 69)
Nationality Brazilian & Italian
Alma mater University of São Paulo
Profession Economist

Guido Mantega (Portuguese pronunciation: [ˈɡidu ˈmɐ̃teɡɐ]; born 7 April 1949) 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.

Life and career[edit]

Mantega was born in GenoaItaly. 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[edit]

  1. Jump up^ “Guido Mantega, Minister of Finance”[permanent dead link]
  2. Jump up^ Wolf, Martin (2010-09-29). “Currencies clash in new age of beggar-my-neighbour”The Financial Times. Retrieved 2010-09-29.
  3. Jump up^ Wheatley, Jonathan; Peter Garnham (2010-09-27). “Brazil in currency war alert”The Financial Times. Retrieved 2010-09-29.
  4. Jump up^ Marsh, David, “Main impact of QE3 withdrawal will be in Europe”MarketWatch, June 24, 2013. Retrieved 2013-06-24.

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