António Borges facts for kids

António Mendo de Castel-Branco do Amaral Osório Borges (born November 18, 1949 – died August 25, 2013) was a very important person in Portugal. He was a skilled economist and a banker. He also worked as a top advisor for a big financial company called Goldman Sachs.

António Borges: A Life in Economics

Early Life and Education

António Borges was born in Ramalde, a city in Portugal. He loved learning about economics. He earned his first degree in economics in 1972. This was from the Technical University of Lisbon. Later, he went to Stanford University in the United States. There, he earned his master's and a special doctorate degree (Ph.D.) in economics. He finished his Ph.D. in 1980.

After his studies, Borges taught at INSEAD, a famous business school. In 1990, he returned to Portugal. He became the Vice Governor of the Banco de Portugal, which is like Portugal's central bank. At the same time, he taught at the Nova School of Business and Economics. While working at the bank, Borges helped make Portugal's financial system more open. From 1993 to 2000, he was a director and dean at INSEAD.

Working with Global Finance

In 2000, António Borges moved to London. He became a top leader at Goldman Sachs International. He was in charge of planning, investment banking, and helping leaders grow. During this time, he was also a director for many other large companies. These included Citibank, BNP Paribas, and Novartis.

In 2008, Borges left his main role at Goldman Sachs. However, he continued to be an important advisor for the company. After this, he led several important financial groups. He was the chairman of the European Corporate Governance Institute. He also advised big organizations like the United States Department of the Treasury. He helped the European Union set up its common currency system. Borges also advised the Portuguese government. He was a professor at the Catholic University of Portugal. From 2008 to 2010, he was a leader in Portugal's Social Democratic Party.

Important Roles and Later Years

In November 2010, António Borges was chosen for a big job. He became the Director of the European Department of the International Monetary Fund (IMF). The IMF is an organization that helps countries with their money problems.

In November 2011, the new Prime Minister of Portugal, Pedro Passos Coelho, asked Borges for help. He was asked to manage important changes in Portugal. These changes included selling state-owned companies. He also helped change agreements with private companies. These steps were needed for Portugal to get financial help. This help came from a group called the "troika." The troika included the European Commission, the European Central Bank, and the IMF.

António Borges passed away on August 25, 2013. He was 63 years old. He died from pancreatic cancer.