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2005 OECD Economic Surveys: Brazil 2005

image of OECD Economic Surveys: Brazil 2005

This second OECD Economic Survey of Brazil makes a detailed examination of macroeconomic policies, financial markets, the regulatory framework and social policies and expenditure. It finds that the Brazilian economy is bouncing back and is achieving more balanced growth, but that it needs to continue the consolidation of macroeconomic stabilisation. It suggests that the main challenges Brazil faces are improving the quality of fiscal consolidation, enhancing the investment climate, and improving the cost-effectiveness of social programmes.

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Enhancing the Regulatory Framework

This chapter assesses Brazil’s product market regulation and the regulatory framework for several network industries: electricity, oil and gas, and water and sanitation. Private investment can be encouraged by tackling regulatory uncertainty in many areas. To this end, recent initiatives include legislation on the role and structure of the regulatory agencies and the new model for the electricity sector...

English

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