Fernando Henrique Cardoso: A crisis foretold

Fernando Henrique Cardoso: A crisis foretold

Brazil Economy & Policy Corporate & Sovereign Strategy

By Thierry OgierThe man who two decades ago helped lead Brazil into a new era of economic stability is, today, less than sanguine about the future of his country. Fernando Henrique Cardoso, Brazil’s president from 1995 to 2002, says a failure in recent years to uphold the principles of economic reform could have devastating consequences for Latin America’s largest economy. In an interview with LatinFinance, he says Brazil must urgently reassess its growth model if the country is to remain competitive in a fast-changing global economy. As finance minister in 1994, Cardoso oversaw the launch of the Real Plan, an economic stabilization program that was part of a broader process of deep macro

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