Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration.
in a runoff election on Oct. 30, faced corruption-related charges in multiple separate cases related to a scandal involving Petrobras, the state-owned petroleum company, and was found guilty, and eventually went to prison. His conviction was later annulled by the Supreme Federal Court, leaving him eligible to run for public office. Lula served 580 days of an approximately 12-year-sentence.
Former President of Brazil Luiz Inácio Lula da Silva speaks during an event to announce his pre-candidacy for the October presidential elections on May 7, 2022, in Sao Paulo. Guedes recently announced that economic gains would allow the government to increase salaries after years of no meaningful hike to the minimum wage, Reuters reported.
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