The global economy is strengthening. A broad-based economic upturn has underpinned progress in many areas.

But significant weaknesses and medium-term risks in the world economy continue to challenge our efforts. As a result, the development prospects of hundreds of millions of people remain in jeopardy.

An energy transition is spreading around the globe. But in Brazil it will be characterised by sharp contrasts, with large hydroelectric plants being replaced by solar microgenerators and government decisions being replaced by family and community decision-making.