GOVERNMENT

Brazil's new finance minister faces a tough test

Dario Durigan wants “a fiscal consolidation effort grounded in social justice.” Photo: Marcelo Camargo/EBC

Dario Durigan was officially appointed as Brazil’s new finance minister last Friday, replacing Fernando Haddad, who stepped down from the position he had held since the start of the current government of President Luiz Inácio Lula da Silva in 2023.

A 40-year-old lawyer, Durigan had been Haddad's second-in-command at the Finance Ministry since June 2023, when he replaced Gabriel Galípolo, now chairman of the Central Bank. During his time in that role, Durigan built a reputation as a low-profile, effective manager of one of the administration's most consequential (and closely watched) ministries…

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