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Brazil - Economic memorandum (English)

Three years after the energy crisis of 11974 Brazil still finds itself grappling wtih the problems of adaptation to a new world economic situation. New developments have necessitated a reordering of priorities. It appears that balance-of-payments pressures will be substantially relieved, so the government should be able to focus its attention upon the problem of inflation. The government has had difficulty developing and executing monetary and fiscal policies to deal with inflation. Brazil lacks adequate economic management tools, and needs a more fundamental review of state and local authority finance. However, the broader objectives of social development have not been overlooked. The government is attempting to conduct its stabilization policy without exacerbating unemployment and disparities in personal income distribution. The short-term outlook for Brazil will depend upon the success with which this stabilization policy can be implemented.


  • Document Date


  • Document Type

    Pre-2003 Economic or Sector Report

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  • Region

    Latin America & Caribbean,

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  • Doc Name

    Brazil - Economic memorandum

  • Keywords

    level of foreign exchange reserve;inflation;current account deficit;balance of payment;cost of living index;population per hospital bed;public sector investment program;Public and Publicly Guaranteed;general level of price;higher rate of inflation;burden of debt service;financial credit;net debt;public debt service;price of gasoline;debt service ratio;area under cultivation;direct foreign investment;merchandise trade;Balance of Trade;international interest rate;terms of trade;public utility rate;wholesale price index;commercial banking system;net foreign liabilities;total external debt;public sector price;demand for import;control of inflation;reduction of inflation;public sector fiscal;domestic oil production;department of agriculture;total debt service;external capital requirement;real wage rate;agriculture and industry;external debt situation;Access to Electricity;adult literacy rate;primary school enrollment;gnp per capita;gross national product;per capita gnp;average exchange rate;federal budget policy;Local Government Finance;flow of capital;exchange rate management;population per physician;exchange rate policy;distribution of land;Exchange rate policies;price of petroleum;increase tariff;aggregate demand;Economic Policy;merchandise import;monetary policy;world economic;energy crisis;Fiscal policies;import substitution;inflationary pressure;consumer price;coffee price;fiscal policy;merchandise export;manufactured export;price rise;capital inflow;world market;capital good;Capital Inflows;wage policy;Stabilization policies;export growth;domestic price;Economic Management;average price;soybean price;financial constraint;manufacturing industry;wage adjustment;private debt;export volume;agricultural support;coffee production;inflation average;wheat subsidy;net transfer;severe recession;piped water;export tax;trade deficit;subsidized credit;subsequent years;raw material;long-term viability;crop damage;trade balance;transportation cost;price control;personal income;wage control;basic food;worldwide recession;petroleum price;amortization payment;commodity market;consumer durable;soybean oil;international market;price decision;administered price;food crop;food price;rail transport;petroleum derivative;reserve position;high capital;government body;long-term loan;export prospects;satisfactory manner;government guarantee;short-term capital;gross disbursements;external indebtedness;price adjustment;household budget;export revenue;Postal Services;sugar price;commodity export;soy meal;export statistics;existing debt;domestic consumption;basic infrastructure;land resources;current expenditure;industrial sector;external account;dollar value;increasing exports;capital account;price policy;monetary correction;fiscal management;profit margin;price competitiveness;long-term perspective;statistical appendix;export base;Population Density;population characteristic;domestic inflation;national income;credit expansion;budget account;external source;orange juice;massive investment;protein intake;capital expenditure;wage increase;money supply;mlt borrowing;coffee crop;price stability;constant price;cash crop;expansionary policy;export commodity;oil price;massive increase;export performance;export price;government permit;public expenditure;export earnings;fiscal measure;price surge;high wage;monetary measure;reserve requirement;rediscount rate;external borrowing;import volume;crawling peg;quantitative analysis;investment expenditure;financial difficulties;stabilization program;government thinking;international inflation;principal export;export promotion;net growth;import requirement;domestic demand;industrial crop;long-term growth;agricultural production;production structure;food basket;fiscal incentive;administrative procedure;wheat production;durable good;domestic subsidy;Durable goods;sophisticated consumer;fuel import;domestic factor;domestic producer;minimum price;monthly wage;cotton price;minimum wage;restrictive measures;price incentive



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Brazil - Economic memorandum (English). Washington, D.C. : World Bank Group.