Fernando Medina Maciel Almeida Correia (born 10 March 1973) is a Portuguese economist and politician

Socialist Party Socialist Party is the name of many different political parties around the world. All of these parties claim to uphold some form of socialism, though they may have very different interpretations of what "socialism" means. Statistically, most of th ...

(PS) who served as

Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...

in the

government A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

António Costa António Luís Santos da Costa (; born 17 July 1961) is a Portuguese lawyer and politician who has served as President of the European Council since 2024. He previously served as the 118th prime minister of Portugal from 2015 to 2024 and th ...

from 2022 to 2024. He previously served as

Mayor of Lisbon This is a list of mayors of Lisbon (, literally: "President of the Municipal Chamber of Lisbon", and also , literally: "President of the Municipality of Lisbon"), the capital city of Portugal, and also the most populated. This office is considere ...

from 2015, succeeding Costa, to 2021.

Early life and education

Medina was born in

Porto Porto (), also known in English language, English as Oporto, is the List of cities in Portugal, second largest city in Portugal, after Lisbon. It is the capital of the Porto District and one of the Iberian Peninsula's major urban areas. Porto c ...

to Edgar Marciel Almeida Correia and Maria Helena Guimarães Medina. He has a degree in

Economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

from the Faculty of Economics of the

University of Porto The University of Porto (''Universidade do Porto'') is a Portuguese public research university located in Porto, and founded on 22 March 1911. It is the second largest Portuguese university by number of enrolled students, after the University ...

. He also holds a master's degree in

Economic Sociology Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology". The classical period was concerned ...

from the Instituto Superior de Economia e Gestão.

Political career

Early beginnings

During his time at university, Medina was the President of the Faculty's Students' Union and then the President of the Students' Unions' Federation of Porto. From 2000 to 2002, Medina served as adviser to

António Guterres António Manuel de Oliveira Guterres (born 30 April 1949) is a Portuguese politician and diplomat who is serving as the ninth and current secretary-general of the United Nations since 2017. A member of the Socialist Party (Portugal), ...

, first on education and science and later on economic policy. Following the 2005 national elections, incoming

José Sócrates José Sócrates Carvalho Pinto de Sousa (born 6 September 1957), commonly known as José Sócrates (), is a Portuguese politician who was the prime minister of Portugal from 12 March 2005 to 21 June 2011. For the second half of 2007, he acted ...

appointed Medina as Secretary of State for Employment and Professional Training, serving under Minister of Labor

José António Vieira da Silva José is a predominantly Spanish and Portuguese language, Portuguese form of the given name Joseph. While spelled alike, this name is pronounced very differently in each of the two languages: Spanish ; Portuguese (or ). In French, the name ''J ...

Mayor of Lisbon, 2015–2021

In June 2021, Medina faced calls for his resignation as a result of his government's decision of January 2021 to share the personal information of at least three Lisbon-based Russian dissidents with Russian authorities. In response, he ruled out stepping down and instead apologized for what he initially described as a "bureaucratic error". Afterwards, municipal authorities admitted that since 2011 Lisbon’s city hall had regularly disclosed the personal information of human rights activists, including "names, identification numbers, home addresses and telephone numbers", with several repressive regimes, including

Angola Angola, officially the Republic of Angola, is a country on the west-Central Africa, central coast of Southern Africa. It is the second-largest Portuguese-speaking world, Portuguese-speaking (Lusophone) country in both total area and List of c ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

and

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

. Portuguese President

Marcelo Rebelo de Sousa Marcelo Nuno Duarte Rebelo de Sousa (; born 12 December 1948) is a Portuguese politician and academic who is the president of Portugal since 2016. He is a member of the Social Democratic Party, though he suspended his party membership for the ...

described the situation as "deeply regrettable" and declared that everyone deserved to have their fundamental rights respected in a democratic country. Medina lost his re-election bid in the 2021 local elections, and was succeeded as Mayor by

Carlos Moedas Carlos Manuel Félix Moedas (born 10 August 1970) is a Portuguese civil engineer, economist and politician of the Social Democratic Party (Portugal), Social Democratic Party (PSD), who is the current Mayor of Lisbon. From 2014 until 2019, Moeda ...

. As of May 2023,

CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...

discovered that Medina had, as Mayor of Lisbon, offered positions to rival PSD party. As part of the Tutti Frutti scandal, Medina’s use of influence caused complications to the 2022-2023 Portuguese political crisis, known by numerous cases of corruption within the PS reign.

Minister of Finance, 2022–2024

After the Socialist Party's absolute majority victory in the

2022 Portuguese legislative election Early legislative elections were held on 30 January 2022 in Portugal to elect members of the Assembly of the Republic (Portugal), Assembly of the Republic to the 15th Legislature of the Third Portuguese Republic. All 230 seats to the Assembly of ...

, he was sworn in as a member of parliament, and two days later, on March 30, 2022, was appointed Minister of Finance of the XXIII Constitutional Government. His first proposal for the government's 2023 budget, which aimed to further slash the deficit to 0.9% of GDP, was approved by parliament in November 2022.

Other activities

;European Union organizations *

European Investment Bank The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt sol ...

(EIB), Ex-Officio Member of the Board of Governors (2022–2024) ;International organizations *

Asian Infrastructure Investment Bank The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral d ...

(AIIB), Ex-Officio Member of the Board of Governors (2022–2024) *

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...

(EBRD), Ex-Officio Member of the Board of Governors (2022–2024) *

Inter-American Development Bank The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countri ...

(IAB), Ex-Officio Member of the Board of Governors (2022–2024) *

Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against ...

(MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group ...

, Ex-Officio Member of the Board of Governors (2022–2024) *

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

, Ex-Officio Member of the Board of Governors (2022–2024)

Personal life

Medina is married with two sons and a daughter. He plays the piano.

Electoral history

Lisbon City Council election, 2017

, - ! colspan="2" , Party ! Candidate ! align="center" style="width: 50px", Votes ! align="center" style="width: 50px", % ! align="center" style="width: 50px", Seats ! align="center" style="width: 50px", +/− , - , style="background:;", , align="left", PS , align=left , Fernando Medina , , 106,036 , , 42.0 , , 8 , , style="color:red;", –3 , - , style="background:#0066CC;", , align="left", CDS–PP/ MPT/ PPM , align=left , Assunção Cristas , , 51,984 , , 20.6 , , 4 , , style="color:green;", +3 , - , style="background:;", , align="left", PSD , align=left , Teresa Leal Coelho , , 28,336 , , 11.2 , , 2 , , style="color:red;", –1 , - , style="background:;", , align="left", CDU , align=left , João Ferreira , , 24,110 , , 9.6 , , 2 , , ±0 , - , style="background:;", , align="left", BE , align=left , Ricardo Robles , , 18,025 , , 7.1 , , 1 , , style="color:green;", +1 , - , style="background:teal;", , align="left", PAN , align=left ,

Inês Sousa Real Paula Inês Alves de Sousa Real (born 6 June 1980) is a Portuguese jurist and politician who is currently president of the People Animals Nature parliamentary group in the Assembly of the Republic. At the PAN convention on 6 June 2021, she was el ...

, , 7,658 , , 3.0 , , 0 , , ±0 , - , style="background:white;", , colspan="2" align="left", Other parties , 5,833 , , 2.3 , , 0 , , ±0 , - , colspan="3" align="left", Blank/Invalid ballots , 10,498 , , 4.2 , , – , , – , - style="background-color:#E9E9E9" , colspan="3" align="left", Turnout , 252,481 , , 51.16 , , 17 , , ±0 , - , colspan="7" align=left, Source: Autárquicas 2017

Lisbon City Council election, 2021

Alliance An alliance is a relationship among people, groups, or sovereign state, states that have joined together for mutual benefit or to achieve some common purpose, whether or not an explicit agreement has been worked out among them. Members of an a ...

/ MPT/ PPM , align=left ,

, , 83,185 , , 34.3 , , 7 , , style="color:green;", +1 , - , style="background:magenta;", , align="left", PS/

Livre Livre may refer to: Currency * French livre, one of a number of obsolete units of currency of France * Livre tournois, one particular obsolete unit of currency of France * Livre parisis, another particular obsolete unit of currency of France * Fre ...

, align=left , Fernando Medina , , 80,907 , , 33.3 , , 7 , , style="color:red;", –1 , - , style="background:;", , align="left", CDU , align=left , João Ferreira , , 25,550 , , 10.5 , , 2 , , ±0 , - , style="background:;", , align="left", BE , align=left , Beatriz Gomes Dias , , 15,057 , , 6.2 , , 1 , , ±0 , - , style="background:#202056;", , align="left", Chega , align=left , Nuno Graciano , , 10,730 , , 4.4 , , 0 , , ''new'' , - , style="background:;", , align="left", IL , align=left , Bruno Horta Soares , , 10,213 , , 4.2 , , 0 , , ''new'' , - , style="background:teal;", , align="left", PAN , align=left , Manuela Gonzaga , , 6,625 , , 2.7 , , 0 , , ±0 , - , style="background:white;", , colspan="2" align="left", Other parties , 3,031 , , 1.3 , , 0 , , ±0 , - , colspan="3" align="left", Blank/Invalid ballots , 7,445 , , 3.1 , , – , , – , - style="background-color:#E9E9E9" , colspan="3" align="left", Turnout , 242,743 , , 50.99 , , 17 , , ±0 , - , colspan="7" align=left, Source: Autárquicas 2021

References

{{DEFAULTSORT:Medina, Fernando 1973 births 21st-century Portuguese economists Finance ministers of Portugal Living people Mayors of Lisbon Members of the 11th Assembly of the Republic (Portugal) Members of the 12th Assembly of the Republic (Portugal) Members of the 15th Assembly of the Republic (Portugal) Members of the 16th Assembly of the Republic (Portugal) People from Porto Portuguese sociologists Socialist Party (Portugal) politicians University of Porto alumni