Orthodox liberal nominated to Brazil's central bank, Roberto Campos Neto

Thursday, November 15th 2018 - 20:49 UTC

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Campos Neto is currently Treasury director for the Americas at Banco Santander. The appointment needs to be approved by Congress.

Economist Roberto Campos Neto has accepted an invite to become the head of Brazil's central bank under the government of the incoming president, Jair Bolsonaro, the nation's future economy minister said in a statement on Thursday.

Current Treasury Secretary Mansueto Almeida will be invited to stay on in Bolsonaro's government, the future Economy, Planning, Industry and Trade minister, Paulo Guedes, added in the statement.

Campos Neto is currently Treasury director for the Americas at Banco Santander, and will replace Ilan Goldfajn. The appointment needs to be approved by Congress.

The nominee is the grandson of Roberto Campos, the planning chief behind the economic policies of the Castelo Branco government which came into power in 1964 with the military uprising. The grandfather of the next central bank president is considered one of the most influential minds in Brazilian liberal economics.

Campos Neto trained in Finance at the University of California and has been with the Santander Brazil bank for sixteen years.

Outgoing central bank president Goldfajn, who admitted leaving the post for personal reasons praised Campos Neto as an acknowledged professional with vast international and domestic experience. “He has my total support and confidence as future head of the central bank”.

Contrary to Campos Neto who has no previous experience in the public sector, Mansuelo Almeida has spent most of his life in the government sector, in the Finance ministry. He has a Masters degree from the University of Sao Paulo and a PhD in Public Policies from MIT, in Boston.

Categories: Economy, Politics, Brazil.

Tags: Brazil, Central Bank of Brazil, Governor Ilan Goldfajn, Jair Bolsonaro, Paulo Guedes, Roberto Campos Neto.

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Disclaimer & comment rules

:o))
FIRST, there is a “Project” [badly planned + ridiculously overpriced + unprofessionally executed + no priority at all!]

-For The Project; a capital is required [borrowed from the Govt. Banks, Int'l. Banks, Loan-Schemes, IMF, etc]

-Then there are perfectly justifiable delays inThe Project

-Then there is over-spending [also perfectly justified]

-Then more finance is “absolutely necessary” to complete The Project [most of them remain partially or never completed or they keep making enormous losses]

-Then there are additional loans sanctioned at absurdly high interest-rates

-Then there is “No Capital” to repay the debts

- Also, there is “No Capital” to repay the interests

-Then there is more loan “absolutely necessary” to repay the interests - on account of which, there are either further hikes in taxes or lesser budgets are sanctioned for the Vitally Essential Public Services. [which in other words, mean: further lowering down of the Standard of Living + The Quality of Life of the masses]

Sounds “familiar”?
Mind Boggling - isn't it?
Hence The OBVIOUS Question:
Will ALL these King's Men STOP the Vicious Circle?
http://imguol.com/blogs/89/files/2015/10/juros23.jpg
Nov 16th, 2018 - 01:34 pm +1
:o))
@JB

REF: “Sounds like .....Dilma being the “anta-mor”...”:

ABSOLUTELY!

THAT brings the next question: Will ALL these King's Men STOP the Vicious Circle?
http://www.chargeonline.com.br/php/DODIA//pelicano.jpg
Nov 18th, 2018 - 10:51 am +1
:o))
@JB

I must say that you are right again.

A much better + practical way could have been to position enough number of Brazilian Doctors in the remote areas; FIRST [the Basic Problem which is persistent for years (like any other typically Brazilian Problems)] - before 'TALKING' about “Planning to end” the Treaty, BEFORE sending the Cubans back to Cuba and much BEFORE making the dramatic/farcical announcements to “make waves” through the national & int'l. media!

The Standard of living + the Quality of life of the Cubans [in Cuba] really IS lousy [The Cuban Misery (worse than the Brazilian Misery)] but needn't be THE 1st worrisome Priority of the Brazilian or of any other govt - I think.
Nov 18th, 2018 - 09:15 pm 0

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