Business · Economy · 6 hrs ago

Brazil’s development plans overlap, while key institutions face strain

Brazil’s development plans overlap, while key institutions face strain

Brazil has several economic development programs, but an opinion piece argues that they do not add up to a coherent national strategy.

The programs include Nova Indústria Brasil, the Ecological Transformation Plan and the New Growth Acceleration Program, which covers housing and infrastructure.

The plans overlap and are not well coordinated across the three ministries that lead them, the piece says.

It also says there are too many targets, no clear overall goals and no general assessment of results, while productive investment has fallen.

A new critical minerals policy aims to support advanced manufacturing by directing some mining revenue toward research and development and providing funding and subsidies.

The policy still needs rules for how it will work, including who will oversee it and how funds will be allocated.

The piece argues that weak public institutions and limited data hinder planning, and says stronger research, statistics and evaluation are needed for effective development policy.

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What people are saying

Folha articleOpinion article
Brazil has economic development policy? It has several. So many that it has none.
via Folha
In practice and in theory, the plans do not communicate with each other, and sometimes contradict each other.
via Folha
Fundamental state institutions for development are in misery.
via Folha
We need intelligent policymaking, statistics, strong state institutions, evaluation, measured ambition and clear objectives. We do not have them.
via Folha