Brazil’s Lula appoints former mayor as finance minister ...Middle East

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Brazil’s Lula appoints former mayor as finance minister
BRASÍLIA: Brazil’s president-elect Luiz Inacio Lula da Silva on Friday named former Sao Paulo mayor Fernando Haddad (pix), viewed unfavorably by many in the business community, as his finance minister.Lula da Silva, who narrowly defeated incumbent Jair Bolsonaro in October elections, unveiled ministers in the key posts of foreign affairs, justice, defense, and chief of staff.However, all eyes were on his pick for finance minister, with markets nervous over the incoming government’s commitment to fiscal discipline and the inflation-hit economy in fragile recovery.“(I chose) comrade Fernando Haddad as Minister of Finance,“ Lula said during a press conference in the capital Brasilia.Haddad, 59,

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