Brazil names new central bank head, eyes reforms

New Brazilian Finance Minister Henrique Meirelles speaks during a press conference in Brasilia on May 17, 2016Brasília (AFP) – Brazil’s interim government on Tuesday named economist Ilan Goldfajn as the new head of the central bank, a key post in the fight to coax the giant economy out of recession. Israeli-born Goldfajn, 50, will be a lynchpin in efforts to revitalize the country after Michel Temer assumed the presidency in place of Dilma Rousseff, suspended last week to face an impeachment trial that she says amounts to a coup. The Senate must confirm the banker’s nomination.

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