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Summit Follow-up
Paragraphs Related to the Theme Paragraphs VII Summit

- Antigua and Barbuda - Argentina - Bahamas - Barbados - Belize - Bolivia - Brazil - Canada - Chile - Colombia - Costa Rica - Dominica - Dominican Republic - Ecuador - El Salvador - Grenada - Guatemala - Guyana - Haiti - Honduras - Jamaica - Mexico - Nicaragua - Panama - Paraguay - Peru - Saint Kitts and Nevis - Saint Lucia - Saint Vincent and the Grenadines - Suriname - Trinidad and Tobago - United States - Uruguay - Venezuela -
Date:  6/7/2016 
Information available in Portuguese
Paragraphs: - Paragraphs VII Summit: -

Date:  11/29/2010 
The Global Financial Crisis:
Brazil’s experience exemplifies how social programs such as the ones mentioned above, representing social expenditure of just a few percentage points of GDP, need not dampen the country’s prospects for economic growth and development. On the contrary, during the recent financial crisis the programs of Brazil’s social protection floor have helped stabilize demand and maintain economic vigor. The global financial crisis has served as a catalyst for consolidating the “the social protection floor” concept, inasmuch as it has led to a weakening of the social protection network in some countries and underscored gaps in coverage in the industrialized countries as well.
Brazil has confronted the financial crisis by emphasizing its social aspects and adopted a number of measures to foster job creation. With respect to public investment in labor-intensive sectors, especially infrastructure-related sectors, the federal government announced its intentions not only to maintain but also to step-up investment through its Growth Acceleration Program (PAC), as well as to increase the intensity of such labor by adding a second labor shift. The government temporarily suspended the federal excise tax (IPI) on motor vehicles and its corporate income tax. Moreover, Brazil increased social protection by expanding social welfare programs (i.e., increasing the benefits and the number of Bolsa Família recipients), in order to maintain levels of consumption and buoy the economy, and has also extended unemployment insurance benefits from five to seven months. The government frequently includes civil society groups in the formulation and debate of strategies to combat the crisis. The Brazilian government has also promoted discussions on labor market issues, both at the domestic and international levels, through the Tripartite Commission on International Relations (CTRI) of the Ministry of Labor and Employment (MTE).
Paragraphs: 92 Paragraphs VII Summit: -

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