On Thursday, Brazilian President Luiz Inácio Lula da Silva confirmed Dario Durigan as the new Minister of Finance, replacing Fernando Haddad. During the announcement at the 17th Federative Caravan event in the northern zone of São Paulo, Lula emphasized that Durigan would be held accountable for many responsibilities within the ministry. He encouraged attendees to take note of Durigan’s face, signaling the importance of his new role in the government.

Dario Durigan is currently serving as the executive secretary within the Finance Ministry. The transition comes as Haddad prepares to leave the federal government on Friday, with his official resignation expected to be published the same day. During his tenure, Haddad has been recognized for his successful reforms and economic policies, and he is anticipated to announce his candidacy for the Governor of São Paulo, an important political position in Brazil, alongside President Lula at a scheduled interview on Thursday evening.

Lula’s remarks about Haddad highlight the significant impact he has had, suggesting that his term will be viewed positively in history. This shift in leadership at the Ministry of Finance underscores ongoing political maneuvers within the Brazilian government, particularly as Haddad seeks to transition into a new role that could shape the state's governance. The appointment of Durigan is crucial as Brazil navigates its economic challenges, and all eyes will be on his policy direction in the coming months.