Lula appoints finance minister with P3 experience

Brazil’s president-elect has appointed his new finance minister as he prepares to return to government.

Credit: Getty

Luiz Inacio Lula da Silva (Lula) has chosen former Sao Paulo Mayor Fernando Haddad to take on the role, having worked as an advisor to the premier during his previous time in office.

Haddad was an aide in the finance ministry during Lula’s first term in office, and during his time there Haddad helped design the legal framework for P3 projects in the country.

Lula has made a remarkable return to office, winning the election in October 2022, having previously been imprisoned for corruption - a conviction that was subsequently annulled. He went on to beat incumbent Jair Bolsonaro with 50.9% of the votes in this year’s poll.