Brazil's Central Bank has transformed itself over the last few
years. Not long ago, it was a secretive institution run by
career bureaucrats suspicious of the international capital
markets. Now the bank is known for its team of highly regarded
former investment bankers, economists and financiers led by
A Departure, But a Steadfast Policy
Daniel Gleizer has left his post as international director of the Brazilian Central Bank. But the bank's integrated approach to monetary policy and debt management continues to secure the sovereign's financial future.
Fraga is losing one of the most visible members of his team
with the departure of Daniel Gleizer, who has quit as
international director. Gleizer, an earnest 41-year old, is the
second central bank official to resign within the last year.
Sérgio Werlang left last year as head of research.
Brazil's quasi-independent central bank is unusual in that
it is responsible for both setting monetary policy and managing
the public debt. And since Brazil has a major presence in the
international capital markets, issuing billions of dollars in
debt every year, a smoothly operating central...
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