Brazil Country Program Evaluation, FY04-11

During the first decade of the 2000s, Brazil made important achievements in shared prosperity: it achieved fiscal sustainability and economic growth while at the same time reducing poverty and income inequality.  Brazil also substantially reduced the rate of deforestation in the Amazon. 

This evaluation shows that the World Bank Group remained an important partner for the government in addressing many key policy challenges.  The World Bank adapted its program effectively to meet country needs, which shifted from the federal policy-based operations to subnational government support in the mid-2000s.  The International Finance Corporation (IFC) provided useful advisory support for structuring innovative public-private partnership projects and timely trade finance during the 2008–09 global financial crisis.  The Multilateral Investment Guarantee Agency (MIGA) concentrated its activities on the electricity transmission subsector.