The IMF Executive Board has published its views on the Brazilian economy following a consultation with Brazilian officials on the country’s economic developments and policies, as authorised under Article IV of the IMF’s Articles of Agreement. The Executive Board commended authorities for their long-standing commitment to sound policy frameworks, notably the fiscal responsibility law, inflation targeting, the flexible exchange rate and a strong prudential regime. Among the Board’s concerns were domestic supply-side constraints and policy uncertainties that may be holding back near-term growth. The Board also emphasised the importance of boosting productivity, competitiveness and investment.