Guido Mantega

Minister of Finance
In office
27 March 2006 – 1 January 2015
President| Luiz Inácio Lula da Silva
Dilma Rousseff
Preceded by| Antonio Palocci
Succeeded by| Joaquim Levy
CEO of the Brazilian Development Bank
In office
22 November 2004 – 27 March 2006
President| Luiz Inácio Lula da Silva
Preceded by| Carlos Lessa
Succeeded by| Demian Fiocca
Minister of Planning, Budget and Management
In office
1 January 2003 – 18 November 2004
President| Luiz Inácio Lula da Silva
Preceded by| Guilherme Dias
Succeeded by| Nelson Machado
Personal details
Born|  (1949-04-07) 7 April 1949 (age 75)
Genoa, Liguria, Italy
Nationality| Italian Brazilian
Political party| Workers' Party
Alma mater| University of São Paulo
Profession| Economist

Guido Mantega (Portuguese pronunciation: [ˈɡidu ˈmɐ̃teɡɐ]; born 7 April 1949) is an Italian-born Brazilian economist and politician.[1][2] Mantega served as Minister of Finance from 2006 to 2015 under the presidencies of Luiz Inácio Lula da Silva and Dilma Rousseff. His tenure as Minister of Finance, which spanned over eight years in office, was the longest in Brazilian history.[3]

## Early life and education

[edit]

Mantega was born in Genoa, Italy. He graduated in Economics from the School of Economics, Business and Accounting of the University of São Paulo, he holds a Ph.D. in Sociology from the University of São Paulo and is a professor of economics at several universities of São Paulo.

## Career

[edit]

He has long been associated with the left wing Workers' Party and was a key member in the successful presidential campaign of the party's founder and leader, Luiz Inácio Lula da Silva. Upon Lula's access to power in 2003, Mantega was appointed Minister of Planning, and later chairman to BNDES (National Bank for Economical and Social Development).

On March 27, 2006 he was named Brazil's Finance Minister, replacing Antonio Palocci, who resigned in the wake of corruption charges. Mantega left office in December 2014, when he was replaced by the University of Chicago-trained economist Joaquim Levy.

In mid-2013, financial-markets commentator David Marsh wrote:

> Developing-nation economic leaders such as Guido Mantega, Brazil’s outspoken finance minister — who two years ago accused the U.S. of launching “currency wars” through QE and a lower dollar, allegedly to steal a growth advantage —, have had to change their tune.

Marsh's comments came as the Federal Reserve's Ben Bernanke was beginning to explore the end of QE and one impact was a "withdrawal of liquidity" from markets such as Brazil's.[4]

Following Lula's victory in the 2022 Brazilian presidential election, Mantega was part of his transition team before choosing to leave.[5] In 2024, it was reported that Lula favors Mantega for the position of CEO of Brazilian mining company Vale S.A.[3]

## Bibliography

[edit]

* Guido Mantega; Paulo Vanuchi; Aloysio Biondi (1 January 1997). Custo Brasil: mitos e realidade. Editora Vozes. ISBN 978-85-326-1875-7.
* Guido Mantega; José Márcio Rego (1999). Conversas com economistas brasileiros II. Editora 34. ISBN 978-85-7326-146-2.

## Notes and citations

[edit]

1. ^ Wheatley, Jonathan; Peter Garnham (2010-09-27). "Brazil in currency war alert". The Financial Times. Retrieved 2010-09-29.
2. ^ Wolf, Martin (2010-09-29). "Currencies clash in new age of beggar-my-neighbour". The Financial Times. Retrieved 2010-09-29.
3. ^ a b Durao, Mariana; Gamarski, Rachel; Carvalho, Daniel (2024-01-20). "Lula Pushes Ally for Vale CEO as Brazil's Iron Ore Miner Weighs Succession". Bloomberg. Retrieved 2024-01-22.
4. ^ Marsh, David, "Main impact of QE3 withdrawal will be in Europe", MarketWatch, June 24, 2013. Retrieved 2013-06-24.
5. ^ Borges, Victor (2022-11-17). "Lula's former finance minister and close aide to leave Brazil government transition". Reuters. Retrieved 2024-01-22.

Government offices

Preceded by

Carlos Lessa

|  CEO of the Brazilian Development Bank
2004–2006  | Succeeded by

Demian Fiocca

Political offices
Preceded by

Guilherme Dias

|  Minister of Planning, Budget and Management
2003–2004  | Succeeded by

Nelson Machado

Preceded by

Antonio Palocci

|  Minister of Finance
2006–2015  | Succeeded by

Joaquim Levy

* v
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Cabinet of Dilma Rousseff (2011–16)

Cabinet

Minister of Agrarian Development|

* Afonso Florence (2011–12)
* Pepe Vargas (2012–14)
* Miguel Rossetto (2014)
* Patrus Ananias (2015–16)

Minister of Agriculture, Livestock and Supply|

* Wagner Rossi (2011)
* Mendes Ribeiro Filho (2011–13)
* Antônio Andrade (2013–14)
* Neri Geller (2014–15)
* Kátia Abreu (2015–16)

Minister of Cities|

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Minister of Communications|

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* José Henrique Paim (2014–15)
* Cid Gomes (2015)
* Renato Janine Ribeiro (2015)
* Aloizio Mercadante (2015–16)

Minister of the Environment|

* Izabella Teixeira (2011–16)

Minister of Finances|

* Guido Mantega (2011–15)
* Joaquim Levy (2015)
* Nelson Barbosa (2015–16)

Minister of Fishing and Aquaculture|

* Ideli Salvatti (2011)
* Luiz Sérgio Nóbrega (2011–12)
* Marcelo Crivella (2012–14)
* Eduardo Lopes (2014–15)
* Helder Barbalho (2015)

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* Alexandre Padilha (2011–14)
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* Marcelo Castro (2015–16)

Minister of Justice|

* José Eduardo Cardozo (2011–16)
* Eugênio Aragão (2016)

Minister of Labour and Employment|

* Carlos Lupi (2011)
* Paulo Roberto dos Santos Pinto (2011–12)
* Brizola Neto (2012–13)
* Manoel Dias (2013–15)
* Miguel Rossetto (2015–16)

Minister of Mines and Energy|

* Edison Lobão (2011–15)
* Eduardo Braga (2015–16)
* Marco Antônio Almeida (2016)

Minister of National Integration|

* Fernando Bezerra Coelho (2011–13)
* Gilberto Occhi (2015–16)

Minister of Planning, Budget and Management|

* Miriam Belchior (2011–15)
* Nelson Barbosa (2015)
* Valdir Simão (2015–16)

Minister of Science, Technology and Innovations|

* Aloizio Mercadante (2011–12)
* Marco Antonio Raupp (2012–14)
* Clélio Campolina Diniz (2014–15)
* Aldo Rebelo (2015)
* Celso Pansera (2015–16)

Minister of Social Development and Fight Against Hunger|

* Tereza Campello (2011–16)

Minister of Social Security|

* Garibaldi Alves Filho (2011–15)
* Carlos Eduardo Gabas (2015)

Minister of Sports|

* Orlando Silva (2011)
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* George Hilton (2015–16)
* Ricardo Leyser (2016)

Minister of Tourism|

* Pedro Novais (2011)
* Gastão Vieira (2011–14)
* Vinicius Lages (2014–15)
* Henrique Eduardo Alves (2015–16)
* Alessandro Teixeira (2016)

Minister of Transports|

* Alfredo Nascimento (2011)
* Paulo Sérgio Passos (2011–13)
* César Borges (2013–14)
* Paulo Sérgio Passos (2014–15)
* Antonio Carlos Rodrigues (2015–16)

Minister of Women, Racial Equality and Human Rights|

* Nilma Lino Gomes (2015–16)

Cabinet-level

Secretary of Civil Aviation|

* Wagner Bittencourt (2011–13)
* Moreira Franco (2013–15)
* Carlos Gabas (2015–16)

Secretary of Human Rights|

* Maria do Rosário (2011–14)
* Ideli Salvatti (2014–15)
* Pepe Vargas (2015)

Secretary of Institutional Affairs|

* Luiz Sérgio Nóbrega (2011)
* Ideli Salvatti (2011–14)
* Ricardo Berzoini (2014–15)
* Pepe Vargas (2015)

Secretary of Micro and Small Business|

* Guilherme Afif Domingos (2013–15)

Secretary of Politics for Women|

* Iriny Lopes (2011–12)
* Eleonora Menicucci (2012–15)

Secretary of Promotion of Racial Equality|

* Luiza Helena de Bairros (2011–15)
* Nilma Lino Gomes (2015)

Secretary of Ports and Water Transports|

* Leônidas Cristino (2011–13)
* Antonio Pinheiro (2013–14)
* César Borges (2014–15)
* Edson Coelho Araújo (2015)
* Helder Barbalho (2015–16)
* Maurício Muniz (2016)

Secretary of Social Communication|

* Helena Chagas (2011–14)
* Thomas Traumann (2014–15)
* Edinho Silva (2015–16)

Secretary of Strategic Affairs|

* Moreira Franco (2011–13)
* Marcelo Neri (2015)
* Roberto Mangabeira (2015)

Vice President|

* Michel Temer (2011–16)

Chief of Staff of the Presidency|

* Antonio Palocci (2011)
* Gleisi Hoffmann (2011–14)
* Aloizio Mercadante (2014–15)
* Jaques Wagner (2015–16)
* Luiz Inácio Lula da Silva (2016)

Attorney General|

* Luis Inácio Adams (2011–16)
* José Eduardo Cardozo (2016)

Comptroller General|

* Jorge Hage (2011–15)
* Valdir Simão (2015)
* Luiz Navarro de Britto (2016)

Secretary of Government|

* Ricardo Berzoini (2015–16)

Secretary of Institutional Security|

* José Elito Carvalho Siqueira (2011–15)

Chief of Military House of the Presidency|

* Marcos Antonio Amaro dos Santos (2015–16)

Secretary-General of the Presidency|

* Gilberto Carvalho (2011–15)
* Miguel Rossetto (2015)

President of the Central Bank|

* Alexandre Tombini (2011–16)

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