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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.

English Portuguese, French

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Further Developing Financial Markets

This chapter discusses the main weaknesses and strengths of Brazilian financial markets. Low credit ratios, high intermediation costs, and financial exclusion contrast with the expansion of the institutional investor base, including pension and mutual funds. On-going policy efforts, including the reform of bankruptcy legislation, improvements in credit information, and the expansion of micro-finance, are...

English

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