Ju Sayed, One of Plano Cruzado’s Mentors, Suffering from Cancer

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Economist Xu Sayad, who was planning minister in the Jose Sarne government, died this Sunday, aged 5, 75. He was one of the masters of the Cruzado Plan in 1986, one of the efforts to combat hyperinflation that plagued the Brazilian economy in the 1980s.

Sayad was suffering from cancer and had been admitted to the Srio Libans Hospital in So Paulo since Monday. Tomorrow there will be Jagran in the capital also.

The economist was a professor in the Faculty of Economics, Administration and Accounting at the University of So Paulo (FEA-USP), the same institution where he graduated in 1967 and completed his master’s degree. In 1973, he moved to the United States, where he received his PhD in economics at Yale University.

In addition to being Minister of Planning, Sayad served in other public positions, such as Finance Secretary of the State of So Paulo in the Franco Montoro Administration, City Secretary to Finanas de So Paulo in the government of Marta Suplici, and Secretary of State in the Government of José Serra in So Paulo. Culture.

On a social network, the former mayor of So Paulo Fernando Haddad (PT) said that Sayed was one of the “most admired people” he had met. “Smart, good-natured, generous… what a great loss!”

The executive director of the Senate Independent Financial Institution (IFI), Felipe Salto, highlighted that Sayad had “genuine public sentiment”.

Amir Labaki, a film critic and founder of the Today Worded Documentary Festival, wrote that Sayad was “one of those gentle friends who brightened the day for all conversations and those rare intellectuals who rolled up their sleeves and held all those positions.” seated, which they had captured”.

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Sayad is survived by his partner and two daughters.

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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