Fernando Haddad: Still the Odd Man Out
A special report on Brazil’s finance minister, who after a year of unexpected successes will face arguably his biggest challenge in 2024.
RIO DE JANEIRO – Seen through almost any lens, the first year of Luiz Inácio Lula da Silva’s third presidential term was an economic success. Brazil closed the year with a growth rate around 3%, triple the original forecasts of financial markets. Inflation unexpectedly fell under 5%, unemployment rate fell to its lowest level in a decade, the stock market closed at its highest nominal level ever, and more. So why is the left wing of Lula’s Workers’ Party still showering his finance minister, Fernando Haddad, with criticism “It’s curious,” Haddad mused in an interview...
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