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Strengthening the management of precatorios
The general objective is to support the Ministry of Economy of Brasil, strengthening governance and processes for the management of judicial and precatory actions and the liabilities associated with the relationship between the federal government and the states. The specific objectives are: (i) to increase the effectiveness of the management of judicial and precatory actions, through the implementation of processes aimed at proactive action in the identification and mitigation of risks, with emphasis on the use of new technologies and jurisdictional functionality to improve said processes; and (ii) to improve the management and monitoring of agreements with the states under the Tax Recovery Regime through the implementation of a system, with effective results for the federal government and the states.

Project Detail



Project Number


Approval Date

September 7, 2022

Project Status


Project Type

Technical Cooperation





Lending Instrument


Lending Instrument Code




Facility Type


Environmental Classification


Total Cost

USD 300,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 300,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-19497-BR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-19497-BR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Implementation Phase
Documento de CT - Divulgacion_96814.pdf
Published Sep. 08, 2022
Plan de Adquisiciones_65593.pdf
Published Sep. 08, 2022
Matriz de Resultados_78058.pdf
Published Sep. 08, 2022
Terminos de Referencia_51820.pdf
Published Sep. 08, 2022
Preparation Phase
Published Jun. 23, 2022

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Fiscal Consolidations and Electoral Outcomes in Emerging Economies: Does the Policy Mix Matter?: Macro and Micro Level Evidence from Latin America
Do voters punish governments that introduce fiscal “austerity” measures? If so, does voter response vary according to the design (composition) of fiscal adjustments? What determines the timing of fiscal consolidations? The empirical literature on the political economy of fiscal adjustments, mostly OECD-based, argues that consolidations do not have significant electoral consequences. This paper re-examines these questions and finds that voters punish fiscal consolidations at the polls in Latin America and the Caribbean (LAC). To explain this result, we focus on the composition and timing of fiscal adjustments episodes. Such episodes rely fundamentally on increasing tax rates and bases of indirect taxes (such as the VAT) that hit broad segments of the population. Moreover, these policies are often implemented when politicians have no choice but to consolidate, that is, under severe economic circumstances. These macro results are corroborated with micro evidence from an original survey experiment that measures voter’s fiscal policy preferences over the business cycle in seven countries across Latin America. The experimental evidence shows that respondents prefer expenditure cuts to tax increases during recessions. This begs the question—if tax increases are more electorally costly, why do governments rely on them? It is argued the policy choice set available to pursue fiscal consolidation is relatively narrow in LAC, suggesting that investments in fiscal capacity are needed to expand the policy toolset of governments in the face of negative shocks.
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