The former President of the Brazilian Central Bank, Henrique Meirelles, will today (January 31st) be appointed by Brazilian President Dilma Rousseff to lead the Olympic Public Authority (Autoridade Pública Olímpica - APO).
The appointment of Mr. Meirelles, who led the Brazilian economy for eight years while at the helm at the Brazilian Central Bank, should help to get Provisional Measure No. 503 duly passed. If the Law is passed by the Brazilian Parliament (Câmara dos Deputados), it then goes to the Senate and finally for Presidential assent.
The choice of the President of the APO has been sluggishly progressing since last year. First launched in May 2010, Provisional Measure No. 489, which established the creation of the Olympic Public Authority, expired in September without being voted.
The rumors are that this delay was due to the lack of a person who enjoyed credibility among the opposition. Orlando Silva, the Minister for Sport, was one of the main candidates for this post.
The President of the APO will receive a monthly salary of R$ 22 thousand and will control a budget estimated at R$ 30 billion. The structure of this new institution will comprise 484 different job positions, with unit salaries ranging from R$ 5 thousand to R$ 22 thousand.