Regional Spotlight: Brazil's Promise of Development
Against the backdrop of unprecedented national economic and political turmoil, the 2016 Olympic Games just wrapped up two weeks of competition in Rio de Janeiro. When the 2016 Olympic Games and the 2014 FIFA World Cup were initially awarded to Brazil, the country’s economy was flourishing and the nascent democracy was stable. Significant progress had been made in poverty reduction, economic empowerment, and expanding access to education and other social services. These mega sporting events were to be a stage to showcase Brazil’s progress, and were promoted as an engine for urban renewal and sustainable development – jobs would be provided, infrastructure upgraded, and communities transformed. With the 2014 World Cup and 2016 Rio Olympics behind us, how has Brazil performed on this promise of development?
Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank Group
Israel Klabin, President, Brazilian Foundation for Sustainable Development