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Brazil Announces New Central Bank President

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The new finance minister of Brazil, Henrique Meirelles, announced Tuesday morning the appointment of Ilan Goldfajn as the new Central Bank president as part of the government’s plan to revamp the country’s ailing economy. Meirelles also announced that the government would seek Congressional approval to grant the Central Bank formal technical autonomy from the government.

Goldfajn the chief economist for Itau Bank, one of Brazil’s largest private financial institutions, will replace Alexandre Tombini as head of the institution. He was the Central Bank’s economic policy director . . .

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