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José Sarney

President of Brazil from 1985 to 1990

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Through Inflation

Sarney was a member of the Chamber of Deputies from 1955 until 1966 and of the Senate from 1971 until 1985. He was also the Governor of Maranhão from 1966 until 1970. During the Brazilian military dictatorship, Sarney affiliated himself with the government party, ARENA, becoming the president of the party in 1979. Sarney joined the dissenters, and was instrumental in the creation of the Liberal Front Party. Sarney ran for Vice-President on the ticket of Tancredo Neves of PMDB, formerly the opposition party to the military government. Neves won the presidential election, but died before taking office, and Sarney became president.

During his presidency, Sarney implemented ambitious plans to try to reverse the severe inflation inherited from João Figueiredo's government. Together with Finance Minister Dilson Funaro, he launched the Cruzado Plan and Cruzado II, which froze prices in an attempt to curb rising inflation. Even though both plans failed, Sarney made further attempts to freeze prices through the Bresser Plan and the Summer Plan, which also proved ineffective. In foreign policy, he signed the Iguaçu Declaration, which initiated the project for the creation of Mercosur. Additionally, during his administration, diplomatic relations between Brazil and Cuba — which had been suspended since the beginning of the military dictatorship — were restored. Sarney also convened the 1987 National Constituent Assembly, which drafted the 1988 Brazilian Constitution, replacing the 1967 authoritarian constitution. Overall, Sarney started out his term with great popularity, but public opinion shifted with the Brazilian debt crisis and the failure of Plano Cruzado to abate chronic inflation. His government is seen today as disastrous and clientelism was widespread having longlasting consequences for the Brazilian Republic post military dictatorship.

Following his presidency, Sarney resumed his senate career elected again in 1991 and serving until 2015. He also held the position of President of the Federal Senate three times following his presidency. At age 96, he is the oldest living former Brazilian president, and at the time of his retirement in 2015, had one of the longest congressional careers in Brazilian history.

Early life

Born in Pinheiro, Maranhão, as José Ribamar Ferreira de Araújo Costa, he was the son of Sarney de Araújo Costa, a wealthy land-owner and sugarcane producer, and Kiola Ferreira. His family has origins in Viseu in Portugal. He attended Colégio Marista and the Licéu Maranhense before attending the Federal University of Maranhão. In 1953, he graduated from the federal university receiving his bachelor's degree in law. After his graduation, he launched a postmodernist literary journal titled A Ilha.

In 1965 he legally adopted the name José Sarney de Araújo Costa, usually shortened to José Sarney, for electoral purposes. He was known as "Zé do Sarney", as in "José, son of Sarney". Sarney's father acquired the name after being born on a land owned by an Englishman named "Sir Ney".

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