Political Risk Latin America Blog @PolRiskLatam

Partial announcement of Brazilian president-elect cabinet

Posted in News and Articles, Political Risk by politicalrisklatam on December 6, 2010

by Merco Press News, December 6th, 2010.

Brazil’s president-elect on Friday named as her chief of staff a former aide to President Lula da Silva who was forced to resign as Finance minister in 2006 amid a corruption scandal.

Congressman Antonio Palocci will head Dilma Rousseff’s team when she takes power January 1. Chief of staff is seen as the most powerful Cabinet post.

Palocci resigned from Lula da Silva’s Cabinet after a former caretaker accused him of frequenting a house where lobbyists threw parties with prostitutes and apparent bribe money arrived by the suitcase. Palocci denied that he ever set foot in the house.

He was eventually charged with at least four crimes, but all the charges collapsed. The last was dismissed by the nation’s Supreme Court for lack of evidence in August 2009.

Palocci guided Brazil’s economy to low inflation and steady growth from 2003 to 2005. He is considered an economic moderate and his appointment eased global market concerns when the leftist Silva took office in 2003. (continue reading… )


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