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
Basic income in Brazil The organizers are currently building a social bank, so that the basic income in the future can be financed through investments rather than donations. The idea is that the bank will operate as an investment bank, but the profit will go to basic income instead of a dividend to shareholders and managers. One plan is to use some of the first revenue to support the basic income project in Otjivero, Namibia, and then to initiate similar projects in different parts of Brazil. In November 2009, the mayor of the Santo Antônio do Pinhal municipality passed into law a basic income