This is what one of the world’s largest experiments in basic income looks like

From Meaghan Tobin and Márvio Dos Anjos / Rest of World: Mumbuca is a digital currency used in Maricà’s basic income program. Residents, with few eligibility requirements, can qualify for a monthly stipend to purchase goods and services using a smart phone or a card. The currency runs on the digital platform E-dinheiro and can only be spent in the city limits. Individuals cannot swap Mumbucas for national currency, but businesses can after a 48-hour waiting period and a 1% fee. Local currencies, which are popular in Brazil, help residents increase personal savings and, with increased stipends during the Covid-19 pandemic, allowed informal workers to stay home.

Click here to read the full story on Rest of World.

Issue Areas:

Alternative Forms of Income, Wellbeing Economics

Impact Areas:

Creating New Economic Paradigms

Actors:

Government

Communities Served:

—

Strategies:

Easing Economic Burdens for Individuals, Reallocating Government / Public Financing

Success Factors:

Addressing Underlying Issues, Providing Cash Instead Of Goods/Services, Using Creative Financing

Geographic Region:

South America

Countries:

Brazil

Date:

July 23, 2020

More Resources:

Conversation with Noor Jehan Docrat

Noor Jehan is an Inclusive Innovator and Blue Economy specialist, leading community development programs across Africa. With extensive experience in various sectors in South Africa, Southeast Asia, and the UK, Noor Jehan is passionate about working with communities to create...

Conversation with Yuliya Panfil

Yuliya Panfil is a senior fellow and director of New America Future of Land and Housing program. Prior to joining New America, Panfil worked at Omidyar Network, where she sourced and managed property rights investments, and as a land governance...

Conversation with Katja Čič

Katja Čič currently works as the Programme Director at the International Youth Health Organization (YHO). Katja is also a part of the WHO Youth Council where she co-chairs the Working Group on Climate Change and Health, and is a part...

Conversation with Natalia Linou

Natalia Linou (Linos) is a policy specialist at the United Nations Development Programme (UNDP). Her current role as part of UNDP’s HIV, health and development team is focused on the prevention of non-communicable diseases and on developing an emerging area...

Africa’s natural capital can chart a new development model at Africa Climate Summit

From Saliem Fakir and Monique Atouguia / Mail & Guardian: An African Climate Summit was held looking at nature/natural resources centered conversations, where protecting the climate was upheld as a central necessity. Read the original story here. Read other stories...

Conversation with Ted Rau

Passionate about transforming how organizations operate, Ted Rau specializes in sociocracy and governance systems that empower collective intelligence and foster meaningful collaboration. As the co-founder of Sociocracy For All and the Governance Lead at Dark Matter Labs, his work focuses...