Wednesday, October 4, 2023
HomeEconomyLula sets up economic team with Mercadante of BNDES, Haddad's former banker...

Lula sets up economic team with Mercadante of BNDES, Haddad's former banker aide


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By Marcela Ayres and Lisandra Paraguassu

BRASILIA (Reuters) – More of Brazilian President -elect Luiz Inacio Lula da Silva’s economic policy team was formed on Tuesday, with Workers’ Party (PT) veteran Aloizio Mercadante to run development bank BNDES, a former banker who holds a key post at the economy ministry. Brazilian Currency Taking Gains and 50 Bovespa

The stock index fell further , down 1.% Following reports of Mercadante’s new role, Mercadante is also serving as Chief of Staff to Lula’s PT successor

-52 President, ex-President Di Elma Rousseff. Incoming Finance Minister Fernando Haddad said separately on Tuesday that former investment bank Banco Fator CEO Gabriel Gali polo would be appointed As his executive secretary, he emphasized the importance the next administration places on public-private partnerships.

, the former banker, whose new role was first reported by Reuters on Tuesday, has since left Banco Fator as managing partner of Galipolo Consultancy, who has Provided consulting services to several public-private joint ventures. Seen as an economist with various ideological ties, Galipolo helped arrange Haddad and the business community in this year’s election The meeting between the leaders came as the incoming finance minister ran a failed bid for governor of São Paulo.

Galipolo has co-authored books and articles with Luiz Gonzaga Belluzzo, longtime Unicamp Lula consultant and economics Professor, considered a center of heretical economic thought.



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