Fernando Medina

Fernando Medina Maciel Almeida Correia (born 10 March 1973) is a Portuguese economist and politician Socialist Party (PS) who served as Minister of Finance in the government of Prime Minister António Costa from 2022 to 2024. He previously served as Mayor of Lisbon from 2015, succeeding Costa, to 2021.

Early life and education Medina was born in Porto to Edgar Marciel Almeida Correia and Maria Helena Guimarães Medina. He has a degree in Economics from the Faculty of Economics of the University of Porto. He also holds a master's degree in Economic Sociology from the Instituto Superior de Economia e Gestão. 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, China and Venezuela. Portuguese President Marcelo Rebelo de Sousa 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.

As of May 2023, CNN discovered that Medina had, as Mayor of Lisbon, offered positions to the 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 during the PS reign.

Minister of Finance, 2022–2024 After the Socialist Party's absolute majority victory in the 2022 Portuguese legislative election, he was sworn in as a member of parliament, and two days later, on 30 March 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 (EIB), Ex-Officio Member of the Board of Governors (2022–2024)

International organizations Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors (2022–2024) European Bank for Reconstruction and Development (EBRD), Ex-Officio Member of the Board of Governors (2022–2024) Inter-American Development Bank (IAB), Ex-Officio Member of the Board of Governors (2022–2024) Multilateral Investment Guarantee Agency (MIGA), World Bank Group, Ex-Officio Member of the Board of Governors (2022–2024) World Bank, 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

Candidate

Lisbon City Council election, 2021

Candidate