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The bank was founded by Emperor Pedro II on 12 January 1861, as Caixa Economica e Monte de Socorro in Rio de Janeiro as a financial institution destined to collect national savings, mostly from the poor. Over the years, several similar institutions were created, until most of them were merged into present-day Caixa Econômica in 1967.
The second presidency of Luiz Inácio Lula da Silva started on 1 January 2023, when he was inaugurated as the 39th President of Brazil. [1] [2] Lula was elected for a third term as President of Brazil on 30 October 2022, by obtaining 50.9% of the valid votes in the 2022 Brazilian general election, defeating his far-right predecessor Jair Bolsonaro. [3]