 | |
| Presidency of Itamar Franco 29 December 1992 – 1 January 1995 | |
Vice President | None |
|---|---|
| Cabinet | See list |
| Party | MDB |
| Seat | Alvorada Palace |
 Standard of the president | |
The presidency of Itamar Franco began on December 29, 1992, with the resignation of Fernando Collor de Mello, and ended on January 1, 1995, when Fernando Henrique Cardoso took office.[1]
Itamar Franco government was characterized by the stabilization of the economy and the control of inflation, which occurred after the nomination of Fernando Henrique Cardoso to the Ministry of Finance, whose main project was the Plano Real (English: Real Plan). His administration was informally known as the "República do Pão de Queijo" ("Republic of Cheese Bread"), as the majority of his cabinet was composed of people from Minas Gerais. He advocated the relaunch of the VW Beetle, which became known as the "Fusca do Itamar" ("Itamar VW Beetle"). It recorded 10% growth in GDP and 6.78% in per capita income. Itamar assumed office with inflation at 1191.09% and handed over at 22.41%.[2][3][1]
- ^ a b "Governo Itamar Franco". Historia do Mundo. Retrieved 2024-02-06.
- ^ "Inflação e dívida pública explodiram no Brasil ao final da ditadura". R7. Retrieved 2024-02-06.
- ^ "GDP growth (annual %) - Brazil". The World Bank. Retrieved 2024-02-06.