Mário Henrique Simonsen

Mário Henrique Simonsen (c. 1935 – 9 February 1997) was a Brazilian economist, who served as Brazil's finance minister from 1974 to 1979.[1]

Simonsen was appointed Brazil's finance minister by President Ernesto Geisel with instructions to reduce the country's runaway inflation rate.

Despite Simonsen's efforts, the official inflation rate had risen to 40% per annum in 1979 and he was shifted to Planning Minister.

He was succeeded by Antonio Delfim Netto, with whom he had an uneasy relationship due to the latter's inclination to increase borrowing, and hence inflation.

Simonsen resigned from Cabinet in 1980 and became a director of Citicorp, a position he held until 1995 when he was forced by ill-health to retire. He was a chronic heavy smoker and suffered from emphysema.

Other interests

Simonsen was an excellent baritone and an opera aficionado.

Family

He was married to Iluska Pereria da Cunha Simonsen. Thy had two sons and a daughter.

gollark: If he *does* die it'll be very bad for morale.
gollark: That would probably be a decent approach, I suppose.
gollark: Freedom of religion does *not* mean "freedom to do whatever stuff is involved in your religion regardless of anything else", and any nonvital grouping is probably a bad idea.
gollark: In a sense, almost nobody is native to anywhere because humanity evolved someplace in Africa and moved around a lot.
gollark: Perhaps 50% of the time according to Iceland's data.

See also

References
  1. David Cay Johnston (13 February 1997). "Mario Simonsen, 61, Ex-Brazilian Finance Chief". The New York Times. Retrieved 24 May 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.