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  • Brazil's Vice President Michel Temer speaks during a news conference in Brasilia.

    Brazil's Vice President Michel Temer speaks during a news conference in Brasilia. | Photo: Reuters

Published 16 April 2016

A small group of Temer confidants are analyzing a short-list of names for the economic team that they hope would lift Brazil out of a recession.

Brazil's Vice President Michel Temer is considering a senior executive at Goldman Sachs and an experienced money manager as candidates to join his economic team should he take over the presidency in coming weeks, two people familiar with the matter told Reuters on Friday.

Paulo Leme, the chairman of Goldman Sachs in Brazil, may be picked to serve as finance minister or central bank chief, said the sources, who asked to remain anonymous because the selections are still under consideration.

The sources added that Luiz Fernando Figueiredo, a former central bank official and founder of asset manager Maua Capital, could be tapped as Treasury secretary or for the central bank.

Temer, the head of the Brazilian Democratic Movement Party (PMDB), could become Brazil's next leader in coming weeks. The lower house of Congress will vote on Sunday on whether President Dilma Rousseff should be impeached for breaking budget laws, a vote that the leftist leader is widely expected to lose.

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