João Leão
João Leão | |
|---|---|
 | |
| Minister of Finance | |
| Assumed office 15 June 2020 | |
| Prime Minister | António Costa |
| Preceded by | Mário Centeno |
| Secretary of State for the Budget | |
| In office 26 November 2015 – 15 June 2020 | |
| Prime Minister | António Costa |
| Preceded by | Hélder Gomes dos Reis |
| Succeeded by | Cláudia Joaquim |
| Personal details | |
| Born | João Rodrigo Reis Carvalho Leão 15 February 1974 Lisbon, Portugal |
| Political party | Socialist |
| Alma mater | NOVA University Lisbon Massachusetts Institute of Technology |
| Institute | ISCTE – University Institute of Lisbon |
| Doctoral advisor | Abhijit Banerjee |
João Rodrigo Reis Carvalho Leão (born 15 February 1974) is a Portuguese economist, university professor, and politician. He currently serves as Minister of Finance in the government of Prime Minister António Costa of Portugal, sworn in on 15 June 2020.
Early life and education[]
Leão was born in Lisbon in 1974. He completed his BSc degree in economics in Nova School of Economics. Later, he went on to obtain a PhD in Economics at the Massachusetts Institute of Technology (MIT) in 2008. His PhD thesis advisor was Abhijit Banerjee, Nobel Prize in Economics.
Career[]
In the government led by Pedro Passos Coelho, Leão was a member of the Economic and Social Council, working in the Ministry of the Economy and serving as a delegate to the OECD.[1]
In Costa's government, Leão previously served as Secretary of State for the Budget from 2015 until 2020.[2]
As Minister of Finance, Leão oversaw the government's overhaul plan for ailing TAP Air Portugal amid the COVID-19 pandemic, proposing 2,000 job cuts by 2022, pay cuts of up to 25% and 2 billion euros ($2.46 billion) in extra funds with state guarantees to cover financing needs until 2024.[3]
Other activities[]
- European Union organizations
- European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (since 2020)[4]
- European Stability Mechanism (ESM), Member of the Board of Governors (since 2020)
- International organizations
- African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (since 2020)
- Asian Development Bank (ADB), Ex-Officio Member of the Board of Governors (since 2020)
- Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors (since 2020)[5]
- European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (since 2020)[6]
- Inter-American Investment Corporation (IIC), Ex-Officio Member of the Board of Governors (since 2020)[7]
- Multilateral Investment Guarantee Agency (MIGA), World Bank Group, Ex-Officio Member of the Board of Governors (since 2020)[8]
- World Bank, Ex-Officio Member of the Board of Governors (since 2020)[9]
References[]
- ^ Victoria Waldersee and Catarina Demony (9 June 2020), Portugal's finance minister Centeno to step down Reuters.
- ^ The Associated Press (9 June 2020). "Portugal Finance Chief and Eurogroup Chair Quits Government". The New York Times. Retrieved 10 June 2020.
- ^ Sergio Goncalves and Ingrid Melander (January 7, 2021), Exclusive: Portugal confident it will get EU green light for TAP rescue plan in first quarter Reuters.
- ^ Board of Governors European Investment Bank (EIB).
- ^ Board of Governors Asian Infrastructure Investment Bank (AIIB).
- ^ Board of Governors European Bank for Reconstruction and Development (EBRD).
- ^ Board of Governors Archived 4 November 2018 at the Wayback Machine Inter-American Investment Corporation (IIC).
- ^ Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.
- ^ Board of Governors World Bank.
European Union Portal |
- Finance ministers of Portugal
- Portuguese economists
- Portuguese politicians
- Portuguese people of Goan descent
- 1974 births
- Living people
- People from Lisbon