Economy Minister Paulo Guedes has lost many of his lieutenants. Photo: Washington Costa/Ascom/ME
The Economy Ministry announced the replacements of former Treasury and Budget Secretary Bruno Funchal and Treasury Secretary Jefferson Bittencourt. They resigned last week, alongside their deputies, in protest against the government’s decision to breach Brazil’s federal spending cap.
Former Planning Minister Esteves Colnago is the new Treasury and Budget Secretary. He was already a part of the government’s economic team, working as a special advisor on institutional affairs and liaison with Congress. Paulo Valle, who is currently a Deputy Private Pensions Secretary at the Labor Ministry, will step in as the Treasury Secretary.
Since the beginning of Paulo Guedes’ stint as Economy Minister, he has already lost 19 lieutenants — most of whom resigned out of frustration with the government’s lack of commitment to a pro-market agenda.
The specialization trend among corporate board members It is not only a matter of perception:…
Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…