In November 2019, the Brazilian government introduced, as part of an employment stimulus package, the Contrato Verde Amarelo (CVA), a wage subsidy program for young first-time employees entering in contracts of up to 1.5 minimum wages. Despite CVA did not pass the final senate vote and, consequently, lost its validity, the relevance of this measure remains in light of Brazil’s high labor costs and unemployment, and the dramatic impact that COVID-19...
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INFORMATION
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2020/05/01
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Note d'orientation
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AUS0001675
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1
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1
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2020/07/01
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Disclosed
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Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
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wage subsidy
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