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Economy & Business - July 2020
BRAZIL: The emergency income – an accidental success?
An emergency monthly payment designed to help Brazil’s economically vulnerable population, notably informal workers, during the economic crisis caused by the coronavirus (Covid-19) pandemic has just been extended. To date it has benefitted more than 60m people. It has played an important role in limiting hardship and shoring up consumption at a time of crisis. Some even hail it as a precursor of a Brazilian universal basic income scheme. Yet it all seems to have happened more by accident than by design.