The Changing Direction of Brazil's Economic Policy
On Monday, December 8, the Brazil Institute convened a panel of experts to analyze implications and prospects of Rousseff's second term economic strategy.
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Overview
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Facing the consequences of a stagnant economy, a corruption scandal likely to disrupt major public investments in infrastructure in coming years, and markets' deep skepticism about her ability to put Brazil back on a path of sustainable growth, reelected president Dilma Rousseff is set to dramatically change course on economic policy.
On Wednesday November 25, she appointed economist Joaquim Ferreira Levy to lead her economic team as Minister for Finance. A former secretary of Brazil's national treasury and senior bank executive, Levy enjoys the respect of his peers in both the public and private sectors. Leaders of Rousseff's own Workers Party, however, voiced their mistrust, describing Levy's appointment as a "necessary evil" to confront the country's mounting challenges. Charged with restoring government accounts to fiscal health, the new Minister of Finance will work alongside Nelson Barbosa, a former Deputy Minister of Finance who is returning as Minister of Planning. Alexandre Tombini will remain as President of the Central Bank.
On Monday December 8th the Brazil Institute will convene a panel of experts to analyze implications and prospects of Rousseff's second term economic strategy.Â
Related material:
- This article was published in Portuguese in the September 2014 issue by the São Paulo-based Centro de Debates de PolÃticas Públicas, originally titled "Robustez fiscal e qualidade do gasto como ferramentas para o crescimento". The article is between pages 51-65.Â
Monica de Bolle, "Digging up Orthodoxy"
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Speakers
Jose Roberto Afonso
Monica de Bolle
Otaviano Canuto
MaurÃcio Moura
Teresa Ter-Minassian
Paulo Sotero
Hosted By
Brazil Institute
The Brazil Institute—the only country-specific policy institution focused on Brazil in Washington—aims to deepen understanding of Brazil’s complex landscape and strengthen relations between Brazilian and U.S. institutions across all sectors. Our mission is to provide thoughtful leadership and innovative ideas to help democracies evolve and enhance their capacity to deliver results. We achieve this by producing independent research and programs that bridge the gap between scholarship and policy, while serving as a hub for policymakers, scholars, and private sector leaders. Read more
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