In U.S. speech, Economy Minister says Brazil is experiencing its “greatest reduction in poverty”

Minister of Economy Paulo Guedes on Wednesday, October 13, said that the emergency aid has led to the largest reduction in poverty ever seen in the past 40 years.

RIO DE JANEIRO, BRAZIL - Guedes attributed this achievement to the payment of emergency aid - about R$300 (US$54.4) billion in 2020 - to help the most vulnerable. The benefit was resumed in April this year, at lower amounts.

"Brazil spent twice as much as the average of emerging countries on social assistance. It was the biggest impact on poverty we have ever had," said Guedes during an Atlantic Council event in Washington, DC.

Guedes also said that the payment of aid ultimately fueled the acceleration of inflation, particularly in food and housing items. But he pointed out that Brazil . . .

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