Pedro Malan - Minister of Finance

Minister of Finance

Malan was the Minister of Finance for Brazil, from January 1, 1995 to December 31, 2002, during the presidency of Fernando Henrique Cardoso. Along with MarcĂ­lio Marques Moreira, Malan worked for the Fernando Collor de Mello administration as an official negotiator of the foreign debt of Brazil with the International Monetary Fund. He is credited with successfully reforming the nation's banking system, saving Brazil from the negative effects of 1997's Asian market crisis.

He was also one of the architects of the Plano Real.

Read more about this topic:  Pedro Malan

Famous quotes containing the words minister and/or finance:

    “Canst thou not minister to a mind diseased,
    Pluck from the memory a rooted sorrow,
    Raze out the written troubles of the brain,
    And with some sweet oblivious antidote
    Cleanse the fraught bosom of that perilous stuff
    Which weighs upon the heart?”
    —William Shakespeare (1564–1616)

    “A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
    —Christina Stead (1902–1983)