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.

Brazil and the IMF

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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 )

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Office Activities

  • Joint seminars with Casa das Garças and FGV School of Economics on the book Brazil: Boom, Bust and the Road to Recovery

    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

  • 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

  • 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

  • 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

  • Making the Spending Rule Work

    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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Regional Economic Outlook

October 2021 Regional Economic Outlook for Western Hemisphere - Cover

Western Hemisphere

Regional Economic Outlook
April 2022

The 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