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Article: A winner's bet.(Pedro Malan, finance minister of Brazil)(Interview)
- Article from:
- The Banker
- Article date:
- January 1, 1995
CopyrightCOPYRIGHT 1995 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pedro Malan, Brazil's new finance minister and the former president of Banco Central do Brasil (central bank), discusses reform and the financial sector
Q How do you see the prospects for the economy and the real plan?
A The market signs are encouraging. We have no illusions and we know we have a long way to go. But after the conclusion of the debt deal and more recently the success of the real plan the market reaction has been positive.
The bet that we made that it was possible to bring down inflation significantly in a certain way and that this would be supported by Brazilian society proved to be the right bet.
The other bet that we ...