Brazil : Forging a Strategic Partnership for Results, An OED Evaluation of World Bank Assistance
Brazil entered the 1990s suffering the
consequences of a lost decade of high inflation and slow
growth. Between 1980 and 1990, per capita income declined in
real terms, and the share of the population in extreme
poverty rose from 16.5 to 19 percent -and from 36 to 42
percent in the Northeast. Income distribution worsened. Key
social indicators improved little, particularly in the
Northeast. These adverse conditions persisted in the early