Goldfajn’s vision: An interview with Brazil’s new central bank chief

Ilan Goldfajn, the current chief economist at Itaú BBA, Brazil’s largest investment bank, will likely take office soon as President of the Brazilian central bank, pending approval by the Senate. By Thierry Ogier Shortly before he was picked for his new post by finance minister Henrique Meirelles, another central banker (2003-2010), the 50 year-old Haifa-born Goldfajn spoke to Latin Trade about the prospects for growth, falling interest rates and political consensus for reforms. Before his return to the central bank, Goldfajn, a former economic policy director under Arminio Fraga’s governorship (2000-2003), sounded dovish. Fiscal policy will be tight under Meirelles, but monetary policy may be looser than expected in other areas. Goldfajn predicts that the Selic interest rate (currently at […]

Related

Nature’s Currency: How Biodiversity Credits are Reshaping Conservation

By Victoria Galeano* Imagine sipping your morning coffee in a...

“Latin America, the vision of its leaders” A book by Andrés Rugeles and 100 regional leaders

The Colombian Andrés Rugeles has achieved an almost impossible...

Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]