João Leão

João Rodrigo Reis Carvalho Leão (born Lisbon, 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.

João Leão
Minister of Finance
Assumed office
15 June 2020
Prime MinisterAntónio Costa
Preceded byMário Centeno
Secretary of State for the Budget
In office
26 November 2015 – 15 June 2020
Prime MinisterAntónio Costa
Succeeded byCláudia Joaquim
Personal details
Born
João Rodrigo Reis Carvalho Leão

(1974-02-15) 15 February 1974
Lisbon, Portugal
Political partyNo affiliation
Alma materNOVA University Lisbon
Massachusetts Institute of Technology

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
International organizations

References
  1. Victoria Waldersee and Catarina Demony (9 June 2020), Portugal's finance minister Centeno to step down Reuters.
  2. The Associated Press (9 June 2020). "Portugal Finance Chief and Eurogroup Chair Quits Government". The New York Times. Retrieved 10 June 2020.
  3. 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.
  4. Board of Governors European Investment Bank (EIB).
  5. Board of Governors Asian Infrastructure Investment Bank (AIIB).
  6. Board of Governors European Bank for Reconstruction and Development (EBRD).
  7. Board of Governors Archived 4 November 2018 at the Wayback Machine Inter-American Investment Corporation (IIC).
  8. Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.
  9. Board of Governors World Bank.
Political offices
Preceded by
Mário Centeno		 Minister of Finance
2020–present		 Succeeded by
Incumbent
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