Joaquim Levy
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New Brazilian finance minister pledges to restore economy

Brazil once had one of the world's fastest growing economies. However, it slipped into recession this year.

On Thursday, Joaquim Levy - an ex banker - was named as the new finance minister.

He has vowed to cut spending and clean up the country's finances to try and rebuild the trust of investors.

Katy Watson reports from Sao Paulo.

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