Brazilian opposition presidential candidate Aecio Neves if elected would name former central bank president Arminio Fraga to lead the country’s finance ministry, the candidate said during a televised debate. Speaking during a debate on Brazil’s Band television network, Mr. Neves called Mr. Fraga one of the “most respected economists in the world” and said he would help bring “predictability,” “fiscal responsibility” and “a new cycle of sustainable development” to the country. Mr. Fraga, a former manager at George Soros’ Quantam Fund and the founder of Gávea Investimentos, served as president of Brazil’s central bank from 1999 to 2002 during the administration of Brazilian president Fernando Henrique Cardoso. During his tenure at the central bank, Mr. Fraga oversaw the country’s transition to a floating exchange rate system from a fixed exchange rate, and the implementation of an inflation targeting system. Mr. Neves, of the opposition Brazilian Social Democratic Party, currently has support from about 19% of voters according recent polls, trailing incumbent Brazilian President Dilma Rousseff of the Workers’ Party and Socialist Party challenger Marina Silva. Brazil is scheduled to hold a first round presidential vote on Oct. 5.




