Brazilian Finance Minister Fernando Haddad is expected to leave his post by the end of next week in order to run for governor of the state of São Paulo, according to four sources close to the matter.
This decision would be part of a strategy supported by Brazilian President Luiz Inácio Lula da Silva, who would like to see his minister run for the presidency of the country's most populous and wealthiest state. Haddad is considered a key figure in the government and a close political ally of Lula.
According to one source, no final discussions have yet taken place between the two men regarding this candidacy, but the issue has reportedly been raised several times in recent months.
Fernando Haddad has held the position of Minister of Finance since Lula's return to power. He has played a central role in the government's economic policy, particularly in efforts to reform the tax system and stabilize the country's public finances.
If he confirms his resignation and candidacy, Haddad would enter into a major political battle for the leadership of the State of São Paulo, a strategic position in Brazilian political life and often considered a stepping stone to the highest national offices.
The departure of the finance minister could also open a new phase within the government's economic team, as Brazil tries to maintain market confidence and pursue its fiscal reforms.
