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Itamar Franco

President of Brazil from 1992 to 1995

  • 8 min read
  • 4 chapters

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Through Presidential system, Privatization and Impeachment

As Vice President of Fernando Collor de Mello, Itamar disagreed with several aspects of the economic and financial policies adopted by Collor, eventually leaving the National Reconstruction Party (PRN) at the beginning of 1992. Following the impeachment of the president Collor, he temporarily assumed the role of head of state and head of government on 2 October 1992, and officially became the President of the Republic on 29 December of that year. During his government, a plebiscite was held regarding the form and system of government in Brazil, resulting in the continued existence of the presidential republic in Brazil. During his tenure, the Plano Real was implemented, which controlled inflation and began stabilizing the economy.

Early life and family background

Franco was born prematurely at sea, aboard a ship traveling between Salvador and Rio de Janeiro, being registered in Salvador. On his father's side he was of partial German descent (the Stiebler family from Minas Gerais), while on the mother's side he was of Italian descent, with both of his maternal grandparents having emigrated to Brazil from Italy. His mother's name was "Itália", which means "Italy" in Portuguese. Franco's father died before his birth.

His family was from Juiz de Fora, Minas Gerais, where he grew up and became a civil engineer in 1955, graduating from the School of Engineering of Juiz de Fora, institute of the Federal University of Juiz de Fora (UFJF).

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