Brazil: Interim treasury secretary doesn’t shine
Investors worry about lack of outside experience, lack of star quality and the temporary prefix.
"I am working in my capacity as a full secretary and there are no restrictions on me" Tarcísio José Massote de Godoy
Investors and bankers are starting to shape opinions on Tarcísio José Massote de Godoy, the interim secretary of Brazil’s national treasury since January, the third person to hold the position over the past year. They like his in-depth knowledge of the institution, abilities as a technocrat and the seasoned team he has assembled. However, they worry about his inexperience outside the treasury, lack of star quality and the interim tag still attached to his name. Preceded by Joaquim Levy, who quit in March 2006, and then Carlos Kawall, who lasted just nine months, Godoy was appointed in January. The interim tag is likely to be dropped once finance minister Guido Mantega is confirmed in his role for the second mandate of president Luiz Inácio Lula da Silva. "I am working in my capacity as a full secretary and there are no restrictions on me.