Achieving cost effectiveness: Brazil's experience

The Central Bank of Brazil has published a detailed case study on how it implemented a new system of identifying and monitoring costs.

More than being a simple cost reduction system, the central bank's cost system emphasises the development of tools for managerial support that enable more rational use of all resources consumed by the institution.

The central bank notes that before the effectiveness of any system is fully consolidated and recognised, there is the challenge of making all the

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