FACTBOX-Brazil President-elect Rousseff’s cabinet

Dec 7 (BestGrowthStock) – Brazil’s President-elect Dilma Rousseff,
who takes office on Jan. 1, has chosen a handful of cabinet
members mostly from within the ruling Workers’ Party or the
current administration, signaling likely policy continuity.

A former chief of staff under outgoing President Luiz
Inacio Lula da Silva, Rousseff won an ample majority in a
runoff election on Oct. 31.

She is also expected to appoint five ministers from the
centrist PMDB, the party of incoming Vice President Michel
Temer and the largest in her 10-party center-left government
coalition.

Here are some facts about the key cabinet members Rousseff
has officially announced.

GUIDO MANTEGA, FINANCE MINISTER

A long-standing economic advisor to outgoing President Luiz
Inacio Lula da Silva, he helped oversee the most vigorous
economic expansion in over two decades. He has maintained the
bulk of market-friendly policies adopted in the 1990s but has
also embraced aggressive fiscal stimulus measures during the
global economic crisis, leading to deteriorating public
accounts and some concern among investors.

More recently, Mantega adopted taxes to slow capital
inflows that have been fueling a rally of the real (BRBY: ) as
part of what he has termed a global currency war. He has
pledged strict fiscal discipline in 2011 so the Rousseff
administration can meet its budget surplus target of 3.3
percent of gross domestic product and help bring interest rates
down in the long-term [ID:nN24293981] [ID:nN06203674].

ALEXANDRE TOMBINI, CENTRAL BANK PRESIDENT

Tombini, head of financial regulation at the central bank,
is a seasoned inflation fighter who is seen as unlikely to bend
to political pressures and who is widely expected to continue
with conservative monetary policy. Well-regarded in financial
markets, Tombini was instrumental in 1999 in helping devise the
current inflation-targeting scheme, which Rousseff has vowed to
keep in place. Tombini has said that Rousseff also assured him
that the central bank would have full operational autonomy on
his watch.

ANTONIO PALOCCI, CHIEF OF STAFF

Widely credited for winning investor confidence and
stabilizing financial markets as finance minister during the
first years of Lula’s term. A trained physician, Palocci helped
found the Workers’ Party in 1980 and, as two-time mayor of a
mid-sized city in Sao Paulo state, was among the first
generation of PT politicians with executive experience.

Palocci is seen as one of the most market-friendly figures
in the PT and was once tipped as a possible successor to Lula.
Yet, following an ethics scandal that forced him to resign as
finance minister in 2006, he assumed a lower profile — until
emerging yet again as a major figure during Rousseff’s
campaign. He is likely to become one of the most influential
figures in the new government.

JOSE EDUARDO CARDOZO, JUSTICE MINISTER

A lawyer and legislator for the Workers’ Party, Cardozo
played a key role during Rousseff’s campaign. As justice
minister, he will deal with public security issues and oversee
the federal police in its fight against drug-trafficking and
corruption.

GILBERTO CARVALHO, SECRETARY-GENERAL OF THE PRESIDENCY

Currently a senior aide to President Luiz Inacio Lula,
Carvalho will prepare Rousseff’s speeches and travel, and act
as liaison with Brazil’s powerful social movements.

(Compiled by Raymond Colitt in Brasilia)

FACTBOX-Brazil President-elect Rousseff’s cabinet