Finance minister of the year: Staying tough in a crisis
Armínio Fraga Neto is famous for being parachuted into Brazil at the time of the currency crisis, for getting quickly to grips with urgent policy decisions and for soothing investors’ nerves with his market-friendly language. With Brazil now in a much better macroeconomic position than was expected six months ago, these are all good reasons for making Fraga Euromoney‘s central bank governor of the year.
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