Basic income around the world of President Luiz Inácio Lula da Silva's social policy, and is reputed to have played a role in his victory in the Brazilian presidential election, 2006. An independent and privately funded pilot project is currently in place in Brazil in Quatinga Velho The project started 2008 and is organized by the non-profit organization ReCivitas. It provides R$30 monthly which is 4.4% of the minimum salary in 2013 (as defined by the federal government) and is not enough to meet basic needs. "The real value of R$30,00 Basic Income at Quatinga Velho, just is sufficient to help people satisfy the most
Gaucho (currency) Gaucho (currency) The Gaucho was the name of a currency intended to be used by Argentina and Brazil in the context of the Argentina-Brazil Integration and Economics Cooperation Program or PICE (Spanish: Programa de Integración y Cooperación Económica Argentina-Brasil) to make interregional payments. It was named after the gauchos typical of both Argentina and Southern Brazil. After the signing of the Protocol Number 20, in 1987, no further action was ever taken by any of the countries to effectively put the currency into use. Mercosur, an economic bloc including Brazil and Argentina, establishing broader economic integration, was created in 1991,