Brazil’s Haddad Pitches Ministry Ally for Open Central Bank Seat

Brazil Finance Minister Fernando Haddad has pitched President Luiz Inacio Lula da Silva on naming an ally from inside his ministry to an open seat on the central bank board, according to two people with knowledge of the situation.

Haddad has put forth Guilherme Mello, the finance ministry’s secretary for economic policy, as a candidate for one of two vacancies on the board, the people said, requesting anonymity to discuss internal matters.