IMF Staff Country Reports

Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

September 22, 2021

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Format: Chicago

International Monetary Fund. Western Hemisphere Dept. "Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil", IMF Staff Country Reports 2021, 217 (2021), accessed 12/6/2025, https://doi.org/10.5089/9781513594910.002

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Summary

Economic performance has been much better than expected, in part due to the authorities’ forceful policy response. Nevertheless, Brazil’s long-standing challenges of low growth, high debt, and elevated levels of poverty and inequality have been exacerbated by the pandemic. Tragically, more than 550,000 Brazilians have died from COVID-19.

Subject: COVID-19, Expenditure, Fiscal policy, Fiscal stance, Health, Inflation, International organization, Monetary policy, Prices, Public debt

Keywords: Caribbean, COVID-19, expenditure ceiling, Fiscal stance, Global, headline inflation, Inflation, inflation expectation, liability positions vis-à-vis nonresident, money market rate