Political Involvement
Although he is best known for activities related to finance and banking, Walter Moreira Salles was also deeply involved in Brazilian politics. He was the country’s ambassador to the United States in the 1950s, serving in Washington D.C. twice during the decade. Moreover, he was Secretary of the Treasury in the parliament cabinet of João Goulart and gained the admiration of president Juscelino Kubitschek (JK) for his fame as a conciliator in his diplomatic incursions. During the 1950s he helped negotiate the growing problem of Brazil’s external debt on three occasions: in the governments of Getúlio Vargas, JK and Jânio Quadros.
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