This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Brazil and the IMF. Additional information can be found on Brazil and IMF country page, including official IMF reports and Executive Board documents in English that deal with Brazil.
At a Glance
- Current IMF membership: 190 countries
- Brazil joined the Fund on January 14, 1946
- Quota: SDR 11,042.0 million
- The last Article IV Executive Board Consultation was on August 3, 2018 (Country Report 18/253 )
Office Activities
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Antonio Spilimbergo (IMF Mission Chief for Brazil) and Krishna Srinivasan (Deputy Director at the IMF Western Hemisphere Department) presented a new IMF book overviewing Brazil’s recent economic history and recommended policies to sustain stable and inclusive growth. The book launch events took place at Casa das Garças, RJ and the FGV School of Economics in São Paulo.
March 14, 2019
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Making Public Investment in Brazil More Efficient
On the occasion of the presentation of the Fund’s Public Investment Management Assessment report at the National Treasury, Teresa Curristine (Fiscal Affairs Department at the IMF) and Joana Pereira (IMF Resident Representative) blogged about steps to improve Brazil’s infrastructure efficiency and quality.
December 21, 2018
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IDB, World Bank and IMF organize a seminar on Brazil’s fiscal challenges
At this joint seminar experts from Brazil discussed the fiscal challenges and possible solutions that the next government will face. At the occasion, Resident Representative Fabian Bornhorst presented the main findings of the IMF’s technical assistance in the area of public financial management reforms.
November 29, 2017
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Meeting with Labor Union Representatives from UGT
The IMF met with Union Representatives in São Paolo to hear their views about the social security reform and their concerns about the recently approved labor reform.
November 8, 2017
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Teresa Curristine (Fiscal Affairs Department at the IMF) and Resident Representative Fabian Bornhorst blogged (http://www.imf.org/external/np/blog/dialogo/100417.pdf) about how public financial management reforms can help embed the new spending rule into the budget process and strengthen medium term fiscal planning.
October 4, 2017
IMF's Work on Brazil
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Transcript of Western Hemisphere Department Press Briefing
April 26, 2022
Transcript of Western Hemisphere Department Press Briefing
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Transcript of April 2022 World Economic Outlook Press Briefing
April 19, 2022
Transcript of April 2022 World Economic Outlook Press Briefing
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Latin America Hit By One Inflationary Shock On Top of Another
April 15, 2022
After years of fluctuating around targets, inflation in Latin America’s largest economies is the highest it’s been in 15 years, having suffered two major shocks: the impact of the pandemic, and of the Russia-Ukraine war.
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Estimating the Employment and GDP Multiplier of Emergency Cash Transfers in Brazil
March 18, 2022
Author/Editor:Daniel Cunha | Joana Pereira | Roberto A. Perrelli | Frederik G Toscani
Series:Working Paper No. 2022/055 -
Latin America’s Strong Recovery is Losing Momentum, Underscoring Reform Needs
January 31, 2022
Governments will need to combine fighting inflation with structural policies that reignite growth. Economies in Latin American and the Caribbean are losing steam after making a strong comeback last year. After a dramatic economic collapse in 2020, growth in the region rebounded to an estimated 6.8 percent, driven by robust trading partners growth, higher commodity prices, and favorable external financing conditions. On the domestic front, progress on vaccinations, continued fiscal support in some countries (e.g. Chile and Colombia) and accumulated savings from 2020 also supported growth.
Regional Economic Outlook
Western Hemisphere
Regional Economic Outlook
April 2022The war in Ukraine is shaking the world economy and raising uncertainty about the outlook for Latin America and the Caribbean. Even before the war, the region’s recovery from the pandemic was losing momentum and growth is returning to its pre-pandemic trend rate of around 2.5 percent for 2022. The war brings a further shock to inflation, and policymakers across the region have reacted decisively by tightening monetary policy and implementing measures to soften the blow of higher food and energy prices on the most vulnerable—thus mitigating the risks of social unrest. Rising interest rates complicate the management of already high debt levels, and an escalation of the war could further tighten financial conditions in the region. In this context, an inclusive fiscal consolidation strategy would maintain support for the vulnerable while helping rebuild buffers.
Read more: Regional Economic Outlook for the Western Hemisphere, April 2022