- Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Brazilian Deputy Minister of Economy Marcelo Guaranys signed a commitment to broaden technical support for the Brazilian Ministry of Economy to align its policies with the best practices of OECD countries.
- A recent IDB study outlines efforts the Ministry has undertaken that follow OECD practices and contribute to the country's efforts to accede.
SÃO PAULO - The Inter-American Development Bank (IDB) announced it will expand technical support to Brazil’s Ministry of Economy to help the country accede to the Organization for Economic Co-operation and Development (OECD). In addition, the IDB presented an analysis of Ministry of Economy initiatives that already align with OECD member country management practices and policies.
IDB President Mauricio Claver-Carone and Brazilian Deputy Minister of Economy Marcelo Guaranys signed a protocol to formalize the work that the IDB will undertake jointly with the Ministry to support for Brazil’s entry into the OECD.
"With this agreement, we are reinforcing our commitment to support Brazil’s efforts to join the OECD," said President Claver-Carone. "This is an incredible opportunity to promote the type of inclusive growth and sustainable development that will benefit all Brazilians. I am personally committed to this process and thrilled to support Brazil in this and in so many other areas.”
“Today we signed a cooperation agreement with the IDB with which we will receive support in the OECD accession process, that formally started last week. We will receive a roadmap and will be evaluated by 26 committees on various aspects of both public policy and legislation", said Marcelo Guaranys, Deputy Minister of Economy of Brazil. “The IDB is committed to provide us with the technical support and information necessary to help us move efficiently through the process of becoming a member of the OECD”.
As part of its support, the IDB will research and present actions plans for how to adopt OECD best practices in areas of public policy under the mandate of the Ministry of Economy. It will also organize meetings with authorities from OECD member countries, international experts, and institutions from the Brazilian private sector and civil society to foster broad participation in the technical discussions about joining the OECD.
The IDB also plans to strengthen institutional capacities of the Secretariat of International Economic Affairs to coordinate and monitor the process of joining the OECD within the Ministry of Economy.
Study finds alignment with best practices
In addition to its planned activities, the IDB has already worked with ministry teams in order to apply good practices from OECD countries. As part of a restructuring at the new Ministry of Economy, the IDB performed a benchmarking study that found that several initiatives introduced to improve management and public policies are aligned with OECD country practices.
Experts and former ministers from OCDE member countries and other Latin American countries participated in the technical analysis, which has made it possible to compare international models and identify initiatives that can serve as inspiration for Brazil.
Regarding Brazilian infrastructure, for example, the study highlights the creation of an interministerial planning committee and the inclusion of a long-term plan that resembles recent reforms in Australia, Canada, and the United Kingdom.
In the chapter on budget management, the study commends the centralization of management for IT, human resources, logistics and other areas as part of the TransformaGov program. This centralization resulted in more efficient public spending, in a transformation similar to the model adopted by the United Kingdom.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.
From left to right: IDB Executive Director for Brazil and Suriname, Martha Seillier; Brazil's Deputy Minister of Economy, Marcelo Guaranys; IDB President Mauricio Claver-Carone; IDB Institutions for Development Manager, Susana Cordeiro Guerra.