Finance Minister, Joaquim Levy, was praised by World Bank President (Susana Vera / Reuters)
Chosen for the position by having support in the market and be considered the "right man" to put the economy back on track, the finance minister, Joaquim Levy, suffered some setbacks in the economic policy of the country, as the degree of loss investment by Standard & Poor's, reducing the fiscal target and sending the budget deficit next year. Still, his reputation before the market appears (for now) remain intact. The best proof of this occurred on Wednesday, when the World Bank President Jim Yong Kim, praised the minister and said that he occupies one of the positions "toughest in the world." "When Levy was announced Minister, the whole world reacted positively. Immediately we saw that he is a brilliant and experienced person who has great confidence to do what is right. But we have to recognize that is one of the toughest jobs in the world" said Kim, in Washington, the newspaper Valor Econômico.The president of the World Bank, the hard work of Levy is precisely to address the situation "very complicated" facing the country, falling commodity prices and the expectation of more turbulence with the possible increase in US interest rates. To the market, its image remains unblemished, the same can not be said of the most radical wing of the PT, which behind the scenes have repeatedly asked the head of the minister. (From the Newsroom)
