Fraga says he may stay on in opposition government

BRAZIL - Central Bank chairman Arminio Fraga said on 16 August that he may accept to keep his position after President Fernando Henrique Cardoso's mandate, which ends in 2002.

However, the decision was criticised by Getulio Vargas Foundation (FGV) professor and opposition PT party economic advisor Guido Mantega. "If an opposition party wins the next elections and the current Central Bank chairman stays, there could be conflict. The vote is for change and the population would have to put up wit