Brazil IMF rep blunder over poverty programme

In February, government and opposition parties called for the Brazilian IMF representative, Lorenzo Perez, to leave the country and accused the IMF of meddling in its domestic affairs. Perez angered the government for criticising plans to spend £2.25bn annually on a 10-year anti-poverty programme. Perez had commented that "Brazil already spends a significant amount of money on social programs," "This money has to be used more effectively." Later he retracted his comments saying that on reflection the plan would not harm the Brazilian economy.

The government is planning additional spending on education, health and infrastructure; the money for which will come from privatization schemes and luxury taxes.

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=15631>

Published: 15 April 2000 , last edited: 8 February 2010

Viewings since posted: 4557

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012