This report provides an assessment of fiscal transparency practices in Brazil. The authorities have completed the fiscal transparency questionnaire prepared by the IMF staff. The assessment has two parts that are discussed in this study. In the first part, descriptions of practice, prepared by...

This paper presents the report on Brazil’s Observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Brazilian authorities report that the major sources of illegal proceeds are crimes against the...

Despite considerable progress made by Latin America's biggest economies in putting their finances in order, numerous challenges remain.  Public spending needs to incorporate more flexibility, ageing populations and social demands threaten future pressures on expenditure, and social and...

The Inter-American Development Bank (IDB) and the Organisation for Economic Co-operation and Development (OECD) co-operate in competition law and policy to promote increased economic growth, employment and economic efficiency, and a higher average standard of living in the medium to long term....

Corporate governance matters for national development. Studies of Brazil, Chile, India, and South Africa show that corporate governance has a role of growing importance to play in helping both to increase financial capital to firms in developing countries and to enhance those countries'...

The development of the tradeable sector is a permanent concern for policy makers in Argentina, Brazil and Chile. The weak performance of the tradeable sector has been cited as one of the causes of mixed growth performance in South America during the 1990s as crises in the region have been...

In the last few years, South America has emerged as one of the most attractive regions for investment in natural gas exploration and production, pipelines, LNG facilities and gas-fired power generation. The continent boasts abundant and growing natural gas reserves