Lula's Economic Policy Team Revealed

Lula's Economic Meeting

President Lula met with key economic advisors on November 5, 2026.

Who Attended

Alckmin, Haddad, Durigan, Belchior, Moretti, Dweck, Mercadante, Mantega, Coutinho, Moreira, Carvalho.

Key Figures

Alckmin: 73-year-old ex-governor of São Paulo; Haddad: 63-year-old ex-minister of finance.

Economic Background

Lula's team focuses on public spending, social programs and government investments.

Durigan's Statement

Durigan said there was 'elevated convergence' on economic guidelines but no specific measures.

“elevated convergence”

Market Context

Stock market dropped after Lula's re-election; dollar rose 0.67% to R$5.489.

Market Pressure

Investors reduced positions in emerging markets due to worsening conditions in New York.

Moretti's Role

Moretti convinced Lula that Bolsa Família could be adjusted and MEI debts could be zeroed.

Dweck's Background

Dweck worked with Dilma Rousseff's administration and is now responsible for innovation.

Mercadante's History

Mercadante was a candidate for vice-president in 1994 and predicted the failure of the Real Plan.

Mantega's Role

Mantega has worked as a lobbyist for Daniel Vorcaro and met with Lula in December 2024.

Coutinho's Experience

Coutinho has advised politicians for decades and worked on Ulysses Guimarães' economic program.

Moreira's Background

Moreira is a 50-year-old businessman who founded the ICL, a think tank supporting Lula's government.

Carvalho's View

Carvalho says Faria Lima wants Lula to adopt Bolsonaro's economic program.

Team Continuity

The meeting shows Lula's continuation of economic strategies from his third term.

Market Reaction

Ibovespa fell 0.82% to 166,191.45 points; dollar rose 0.67% to R$5.489.