Economy of Brazil compared to only US$2 billion per year last decade, remarkable growth. The agricultural sector, locally called the "agronegócio" (agro-business), has also been remarkably dynamic: for two decades this sector has kept Brazil among the most highly productive countries in areas related to the rural sector. The agricultural sector and the mining sector also supported trade surpluses which allowed for massive currency gains (rebound) and external debt paydown. Due to a downturn in Western economies, Brazil found itself in 2010 trying to halt the appreciation of the real. Data from the Asian Development Bank and the Tax Justice Network show the
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