The government is working to ensure new BC Board nominees are announced soon and approved by Congress later this year
Brasilia (Reuters) – Finance Minister Fernando Haddad said today, Tuesday, that the candidates for the two vacant positions on the Central Bank’s Board of Directors, which will open at the end of next December, are experienced, and he stated that he had submitted the names to the head of the body, Roberto Campos Neto.
Without mentioning the names of the candidates, Haddad said that he himself would be responsible for submitting the names. In recent days, the minister stated that the announcement would be made this week. He added: “They are well-known and experienced people in this field, and there is no surprise.”
The government is working to ensure that new nominees to the central bank’s board will be announced soon and approved by Congress later this year, so that the Luiz Inácio Lula da Silva administration will have other nominees in charge of the agency at its first monetary policy meeting. COBOOM Committee of 2024 in January.
In an interview with reporters, the minister also said governors would be “pleasantly surprised” by the value of the regional development fund set out in the tax reform text. Without detailing the values, Haddad said that the reform rapporteur, Senator Eduardo Braga (MDB-AM), accepted the Treasury’s proposal to increase the fund, which is a demand from conservatives to compensate for revenue losses resulting from changes in the tax system.
The text approved by the Chamber in July set an amount of 40 billion riyals for this purpose, but the governors were pressing to increase the amount. In the minister’s assessment, the report scheduled to be published on Tuesday evening by Braga has the “necessary strength” to be approved by the Senate within 15 days.
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