Fernando Medina Maciel Almeida Correia (born 10 March 1973) is a Portuguese economist and politician

Socialist Party Socialist Party is the name of many different political parties around the world. All of these parties claim to uphold some form of socialism, though they may have very different interpretations of what "socialism" means. Statistically, most of t ...

(PS) who has been serving as

Minister of Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...

in the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is ...

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...

António Costa since 2022. He previously served as

Mayor of Lisbon This is a list of mayors of Lisbon ( pt, Presidente da Câmara Municipal de Lisboa, CML, literally: "President of the Municipal Chamber of Lisbon", and also pt, Presidente do Município de Lisboa, literally: "President of the Municipality of Lis ...

from 2015, succeeding Costa, to 2021.

Early life and education

Medina was born in

Porto Porto or Oporto () is the second-largest city in Portugal, the capital of the Porto District, and one of the Iberian Peninsula's major urban areas. Porto city proper, which is the entire municipality of Porto, is small compared to its metropol ...

to Edgar Marciel Almeida Correia and Maria Helena Guimarães Medina. He has a degree in

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

from the Faculty of Economics of the University of Porto. He also holds a master's degree in

Economic Sociology Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology". The classical period was concerned ...

from the Instituto Superior de Economia e Gestão.

Political career

Early beginnings

During his time at university, Medina was the President of the Faculty's Students' Union and then the President of the Students' Unions' Federation of Porto. From 2000 to 2002, Medina served as adviser to

António Guterres, first on education and science and later on economic policy. Following the 2005 national elections, incoming

José Sócrates José Sócrates Carvalho Pinto de Sousa, GCIH (born 6 September 1957), commonly known as José Sócrates (), is a Portuguese politician who was the prime minister of Portugal from 12 March 2005 to 21 June 2011. For the second half of 2007, he ...

appointed Medina as Secretary of State for Employment and Professional Training, serving under

Minister of Labor Minister of Labour (in British English) or Labor (in American English) is typically a cabinet-level position with portfolio responsibility for setting national labour standards, labour dispute mechanisms, employment, workforce participation, traini ...

José António Vieira da Silva José António da Fonseca Vieira da Silva (born 14 February 1953) is a Portuguese politician and a member of the Socialist Party Socialist Party is the name of many different political parties around the world. All of these parties claim to up ...

Mayor of Lisbon, 2015–2021

In June 2021, Medina faced calls for his resignation as a result of his government's decision of January 2021 to share the personal information of at least three Lisbon-based Russian dissidents with Russian authorities. In response, he ruled out stepping down and instead apologized for what he initially described as a "bureaucratic error". Afterwards, municipal authorities admitted that since 2011 Lisbon’s city hall had regularly disclosed the personal information of human rights activists, including "names, identification numbers, home addresses and telephone numbers", with several repressive regimes, including

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, China and

Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...

. Portuguese President

Marcelo Rebelo de Sousa Marcelo Nuno Duarte Rebelo de Sousa (; born 12 December 1948) is a Portuguese politician and academic. He is the 20th and current president of Portugal, since 9 March 2016. He is a member of the Social Democratic Party, though he suspended hi ...

described the situation as "deeply regrettable" and declared that everyone deserved to have their fundamental rights respected in a democratic country. Medina lost his re-election bid in the 2021 local elections, and was succeeded as Mayor by

Carlos Moedas Carlos Manuel Félix Moedas (born 10 August 1970) is a Portuguese civil engineer, economist and politician of the Social Democratic Party (PSD). From 2014 until 2019, Moedas served as European Commissioner covering the portfolio of Research, S ...

Minister of Finance, 2022–present

After the Socialist Party's absolute majority victory in the

2022 Portuguese legislative election Early legislative elections were held on 30 January 2022 in Portugal to elect members of the Assembly of the Republic to the 15th Legislature of the Third Portuguese Republic. All 230 seats to the Assembly of the Republic were up for election ...

, he was sworn in as a member of parliament, and two days later, on March 30, 2022, was appointed Minister of Finance of the XXIII Constitutional Government. His first proposal for the government's 2023 budget, which aimed to further slash the deficit to 0.9% of GDP, was approved by parliament in November 2022.

Other activities

;European Union organizations * European Investment Bank (EIB), Ex-Officio Member of the Board of Governors (since 2022) ;International organizations * Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors (since 2022) * European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (since 2022) * Inter-American Development Bank (IAB), Ex-Officio Member of the Board of Governors (since 2022) *

Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...

(MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Gr ...

, Ex-Officio Member of the Board of Governors (since 2022) *

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, Ex-Officio Member of the Board of Governors (since 2022)

Personal life

Medina is married with two sons and a daughter. He plays the piano.Sergio Goncalves (23 March 2022)
Portuguese PM picks former Lisbon mayor as new finance minister
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''.

References

University of Porto alumni Members of the Assembly of the Republic (Portugal) 21st-century Portuguese economists Portuguese sociologists 1973 births Socialist Party (Portugal) politicians Mayors of Lisbon People from Porto Living people Finance ministers of Portugal {{Portugal-politician-stub