In recent days, the name of former Brazilian Finance Minister Fernando Haddad has once again been considered as a potential candidate for the Presidency of the country in the 2026 elections. The rumors gained strength as the 30th anniversary of the Real Plan approached, which was implemented on July 1, 1994, and changed Brazilian history by ending high inflation.
Former Finance Minister Fernando Henrique Cardoso played a crucial role in implementing the Real Plan, with the support of President Itamar Franco’s government and other key stakeholders. The plan was a success due to various measures taken, such as introducing a new currency, fiscal and monetary reforms, and the end of ineffective policies like price freezes and savings confiscation.
Despite their political differences, Cardoso and former President Luiz Inácio Lula da Silva have contributed significantly to shaping Brazilian politics and the economy. The ongoing polarization in the country continues, with Lula and his Workers’ Party being critical of the current government led by Jair Bolsonaro.
Looking ahead to the 2026 presidential election, Fernando Haddad has indicated that he does not plan to run for office again, at least for now. The current political landscape in Brazil is characterized by polarization between different parties and ideologies, with centrist parties facing challenges in gaining traction.
As Brazil navigates through economic fluctuations and political tensions, it is important to remember that stability and fiscal responsibility are key factors in shaping a nation’s future. Despite criticisms faced by current leaders or changes since then Real Plan implementation date , it remains an important moment that changed Brazil’s economic landscape forever
