He must also announce who will be appointed to the key position as economy minister in the new government.

With some economy ministers, he served as their personal advisor.

From 1980 to 1984, he served as economy minister.

Bunge provided the government with its first two economy ministers.

In 1864, he was chosen as Minister of Economy for the first time.

Brazil does not plan to make payments on its foreign bank debt this year, the nation's economy minister said Friday.

In 2008 he received a second mandate as Minister of Economy.

There is potential for growth within consumer goods, with up to 50pc of demand currently met by imports, according to the economy minister.

In 1964, he was appointed governor of the central bank while holding the post of economy minister.

"People are not consuming because they are afraid," the economy minister said.