Brazil’s Bolsonaro appoints central monetary institution directors to mounted terms

© Reuters. FILE PHOTO: Brazil’s Central Bank President Campos speaks at a media assertion in Brasilia

BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro on Tuesday appointed central monetary institution chief Roberto Campos Neto and 7 directors to meet their mounted-term mandates on the monetary authority’s board.

The appointments be pleased been printed within the Legitimate Gazette, a procedural step after Congress in February approved central monetary institution autonomy that established mounted terms for directors that no longer coincide with the presidential election cycle.

Campos Neto and directors Carolina de Assis Barros and Otavio Ribeiro Damaso will remain in their positions until Dec. 31, 2024, in line with the decree.

Directors Fabio Kanczuk and Joao Manoel Pinho de Mello will serve until Dec. 31, 2021, Bruno Serra and Paulo Sergio Neves de Souza will serve until Feb. 28, 2023 and Mauricio Costa de Moura’s term ends on Dec. 31, 2023.

Fernanda Nechio acknowledged final month she would step down soon as the central monetary institution’s world affairs and corporate dangers director, citing inner most reasons. Her replace, Fernanda Magalhaes Rumenos Guardado, will serve until Dec. 31, 2023 if she is approved by the Senate, the decree acknowledged.

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