Israeli-born Economist Named Chief of Brazilian Central Bank

Ilan Goldfajn, appointed president to the Central Bank during a meeting at Planalto Palace in Brasilia on 17 May 2016.

Haaretz reports: Ilan Goldfajn, an Israeli-born economist with an acknowledged career in both the public and private sectors, was confirmed Tuesday as president of Brazil’s Central Bank.

Goldfajn, 50, a Haifa native who was raised in Rio de Janeiro, has served as chief economist at Itau, Brazil’s largest private bank, and deputy to the bank governor of Brazil, as well as adviser to the World Bank and the International Monetary Fund.

He is an active member of the Brazilian Jewish community and was educated in Rio’s Liessin Jewish day school. In a May meeting held by the Brazil-Israel Chamber of Commerce, Goldfajn said “Brazil has a lot to learn from Israel.”

Last year, Goldfajn argued during an Israel-Brazil chamber event in Tel Aviv that the deep economic crisis affecting Brazil stems from a lack of fiscal responsibility. In response, he said, Brazil must boost exports and raise taxes, cut government spending and raise the retirement age.

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