Presidency of Fernando Henrique Cardoso

Fernando Henrique Cardoso
Presidency of Fernando Henrique Cardoso
1 January 1995 – 1 January 2003
Vice President
CabinetSee list
PartyPSDB
Election
SeatAlvorada Palace

Standard of the president

The presidency of Fernando Henrique Cardoso began on January 1, 1995, with the inauguration of Fernando Henrique, also known as FHC, and ended on January 1, 2003, when Luiz Inácio Lula da Silva took over the presidency.[1]

The main achievements of his administration were the maintenance of economic stability with the consolidation of the Real Plan, the privatization of state-owned companies, the creation of regulatory agencies, the changes to the legislation governing civil servants and the introduction of income transfer programs such as Bolsa Escola.[1][2]

The FHC government recorded GDP growth of 19.39% (an average of 2.42%) and per capita income growth of 6.99% (an average of 0.87%). He took office with inflation at 22.41% and left at 12.53%.[1]

  1. ^ a b c "Governo Fernando Henrique Cardoso". UOL. Retrieved 2024-01-10.
  2. ^ Castro, Jose Roberto (2019-06-30). "O que foi o Plano Real e como ele controlou a hiperinflação". Nexo. Retrieved 2024-01-12.