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:[ˈɡiduˈmɐ̃teɡɐ]; born 7 April 1949) is anItalian-born Brazilianeconomist and politician.[1][2] Mantega served asMinister of Finance from 2006 to 2015 under the presidencies ofLuiz Inácio Lula da Silva andDilma Rousseff. His tenure as Minister of Finance, which spanned over eight years in office, was the longest in Brazilian history.[3]
Mantega was born inGenoa, Italy. He graduated in Economics from theSchool of Economics, Business and Accounting of the University of São Paulo, he holds a Ph.D. inSociology from theUniversity of São Paulo and is a professor of economics at several universities of São Paulo.
He has long been associated with the left wingWorkers' 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 toBNDES (National Bank for Economical and Social Development).
On March 27, 2006 he was named Brazil's Finance Minister, replacingAntonio Palocci, who resigned in the wake ofcorruption charges. Mantega left office in December 2014, when he was replaced by theUniversity of Chicago-trained economistJoaquim Levy.
In mid-2013, financial-markets commentatorDavid 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” throughQE and a lower dollar, allegedly to steal a growth advantage —, have had to change their tune.
Marsh's comments came as theFederal Reserve'sBen Bernanke was beginning to explore the end of QE and one impact was a "withdrawal ofliquidity" from markets such as Brazil's.[4]
Following Lula's victory in the2022 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 companyVale S.A.[3]
| Government offices | ||
|---|---|---|
| Preceded by | 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 | Minister of Finance 2006–2015 | Succeeded by |
