After a period of economic stability, high growth rates and substantial poverty reduction in the 2000s, Brazil has faced a challenging horizon.
fight against inequality
The 2014-2016 crisis, the Covid-19 pandemic and the aftermath of the war in Ukraine had a profound impact on the country, reducing growth, increasing unemployment and raising inflation.
These crises were decisive at a time when little was gained in the fight against inequality. Existing disparities have widened due to the disproportionate impact on the most vulnerable.
Although an incipient recovery is underway, it is still fragile and exposed to greater uncertainty given the global outlook and growing climate risks.
Looking forward under new government
The World Bank report, called “Opportunities for All – Public Policy Notes for Brazil”, is aimed at public policy makers and Brazilian society.
The document presents the World Bank Group’s overview of the main obstacles that the country faces in this context and possible ways forward to face them.
Looking forward under a new government, Brazil has the task of ensuring recovery from past shocks and building a future with opportunities for all people. In this sense, the report presents a priority agenda around issues of fundamental relevance for Brazil’s recovery and future resilience.
Green economy and economic inclusion
Based on seven other World Bank reports, among the main proposals, the document highlights:
- Financing sustainable development
- Build opportunities through productivity
- Increase skills and economic inclusion of the poorest population
- Realizing Brazil’s potential as a green economy
Sidrônio Henrique, from the World Bank in Brasilia for UN News.