Economics
World Bank's Levy to Return to Brazil Government Under Bolsonaro
- Levy resigned as finance minister in 2015 amid waning support
- Incoming government still hasn’t announced central bank chief
Joaquim Levy
Photographer: James MacDonald/Bloomberg
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The World Bank Chief Financial Officer Joaquim Levy has been appointed to head the Brazilian state development bank, BNDES.
The appointment of Levy was confirmed on Monday afternoon in a statement from the press office of Paulo Guedes, the future finance minister of President-elect Jair Bolsonaro. Like Guedes himself, Levy is a University of Chicago-educated economist.