WASHINGTON, July 13, 2017 – The
World Bank’s Board of Executive Directors endorsed today the 2018-2023
Country Partnership Framework (CPF) for Brazil. This CPF covers a period
of six years and guides the work of the International Bank for Reconstruction
and Development (IBRD), the International Finance Corporation (IFC) and
the Multilateral Investment Guarantee Agency (MIGA) in the country.
The CPF is underpinned by the Systematic
Country Diagnostics (SCD), the World Bank Group’s comprehensive analysis
of the opportunities and challenges for Brazil to achieve poverty reduction
and shared prosperity in a socially and environmentally sustainable way,
and builds on extensive consultations with the federal and subnational
governments, the private sector, civil society and academic experts.
The Brazil Partnership Framework has three
main focus areas: fiscal consolidation and government effectiveness; private
sector investment and productivity; and equitable and sustainable development.
“The new Country Partnership Framework
for Brazil supports the country as it addresses the serious fiscal challenges
it faces and lays the ground for a new, more sustainable development model.
It continues the strong focus on improved service delivery and social inclusion
that was at the center of the previous strategy, but with a growing emphasis
on new management models that promise to increase the efficiency and efficacy
of the public sector in addition to safeguarding access for the poor”,
said Martin Raiser, World Bank director for Brazil.
Throughout the three focus areas, the CPF
will aim to leverage private sector initiative and investment, recognizing
the scope for efficiency gains while emphasizing the importance of a sound
regulatory framework and strong governance to appropriately assess and
“In the next years, the private sector
will play a crucial role in supporting Brazil’s growth. The country will
continue to face significant challenges in the path of sustainable social
and economic development, and one way to help address them at a time of
fiscal constrains is to mobilize a large amount of long-term investments
into key sectors of the economy. The success that Brazil will have in this
important journey will rely on the partnership between private and public
sectors”, said Hector Gomez Ang, IFC country head for Brazil.
The CPF maintains the engagement in natural
resource management and in climate change adaptation and mitigation issues,
aiming to leverage partnerships in support of Brazil’s global leadership
role in this area. Finally, it envisages a greater role for the World Bank
Group in advocacy with the broader public to help build consensus on the
fundamental development challenges facing the country.
Throughout the duration of this strategy
(2018-2023), the International Bank for Reconstruction and Development
(IBRD), the International Finance Corporation (IFC), and the Multilateral
Investment Guarantee Agency (MIGA) will work side by side to achieve tangible
results in fiscal management, social protection, education and health.
The CPF envisages an extensive mid-term review after two years to take
account of new emerging priorities at the beginning of a new electoral
For more information, please visit: www.worldbank.org/br
Visit us on Facebook: http://www.facebook.com/worldbank
Be updated via Twitter: http://
For our YouTube channel: http://www.youtube.com/user/alcregion2010