Lula announces Fernando Haddad as Finance Minister

The Brazilian president-elect Luiz Inácio Lula da Silva announced on Friday (9) the name of Fernando Haddad for the Ministry of Finance, a new cabinet to be recreated.

In a statement made on Friday (9), President-elect Luiz Inácio Lula da Silva nominated Fernando Haddad as future Minister of Finance. Today, the portfolio is the Ministry of Economy, but it will be dissolved into three ministries: Finance, Planning and Industry and Commerce.

Born in São Paulo (SP), Haddad, 59, graduated in Law from the University of São Paulo (USP), specialized in Civil Law, and obtained a master’s degree in economics and a doctorate in philosophy from the same university.

Professor at DCP-USP (Department of Political Science), he has a degree in Law (1985), a master’s in Economics (1990), and a doctorate in Philosophy (1996), all from the University of São Paulo.

He was Undersecretary of Finance for the City of São Paulo (2001-2003), Special Assistant to the Minister of Planning, Budget and Management (2003-2004), Executive Secretary of the Ministry of Education (2004-2005) and Minister of Education (2005-2012). He was Mayor of the city of São Paulo, elected in 2012.

The future minister also participated in the University Council of PUC-SP (Pontifical Catholic University of São Paulo).

Haddad was an investment analyst at Unibanco, and a consultant at the Economic Research Foundation (Fipe), where he participated in the creation of the Fipe Table. He is the author of six books – the most recent was released in May 2022.

Besides announcing the Ministry of Finance, Lula announced four other ministries: Ministry of Defense: José Múcio Monteiro; Ministry of Justice: Flávio Dino (PSB); Civil House: Rui Costa (PT) and Ministry of Foreign Relations: Mauro Vieira.

Translated by Debora Camargo

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