Importance of fiscal adjustment in Brazil discussed at international seminar
After two years of deep recession, Brazil’s economy began a sluggish recovery process in 2017. However, the frailty of the country’s public accounts may jeopardize such recovery. Therefore, fiscal consolidation becomes essential to secure sustainable growth, as well as to maintain the significant gains attained in the past decades in terms of low inflation and inclusive growth. To debate the subject, FGV’s EPGE Brazilian School of Economics and Finance (FGV EPGE) and the World Bank Group will host the seminar “Fiscal Adjustment: What does it mean for Brazil?” on June 21, from 9 a.m. to 12 p.m.
The event will be held at FGV’s Cultural Center (Praia de Botafogo, 186 – Botafogo, Rio de Janeiro/RJ) to discuss the scale and elements of such fiscal adjustment, as well as the short-term costs to ensure long-term gains. The event will be opened by Martin Raiser, Director of the World Bank for Brazil, and Rubens Penha Cysne, Dean of EPGE.
The next panel is titled “The experience with fiscal adjustment in Latin America: lessons for Brazil”, presented by Carlos Vegh, Chief Economist of the World Bank for Latin America and the Caribbean. Felipe Salto (Executive Director of the Independent Fiscal Institution of the Brazilian Senate), Gustavo Franco (Chief Strategist at Rio Bravo Investimentos), and Rubens Penha Cysne (EPGE) will make comments after the international guest’s presentation. Adriana Fernandes, reporter and columnist for Grupo Estado, will be the moderator.
Go to the website to learn more and to register.