Fundação Getúlio Vargas Fundação Getúlio Vargas Fundação Getúlio Vargas ("Getulio Vargas Foundation", often abbreviated as FGV) is a Brazilian higher education institution and think tank founded on December 20, 1944, with a mission "To stimulate Brazil’s socioeconomic development". Its initial objective was to prepare qualified people to work in public and private administration in Brazil. FGV is considered by the Think Tanks and Civil Societies Program of the "University of Pennsylvania" as top think tank in Latin America, best managed think tank worldwide and seventh best think tank in the world. FGV offers undergraduate programs, graduate & MBA programs, as well as Master's
Getúlio Vargas was growing. After four years, however, pro-US President Eurico Dutra wasted huge quantities of money protecting foreign, mostly US, industry, and distanced himself from the ideas of nationalism and modernization of the country championed by Vargas. Vargas returned to politics in 1951 and through a free and secret ballot was re-elected President of the Republic. Hampered by the economic crisis largely engendered by the policies of Dutra, Vargas pursued a nationalist policy, turning to the country's natural resources and away from foreign dependency. As part of this policy, he founded Petrobrás (Brazilian Petroleum), a large, multinational petroleum concern largely owned