The investor relations office, Gerin, at the Central Bank of Brazil has enhanced the content of its website to make information important to investors more easily accessible. With these improvements, Gerin has become the first individual office to score 38 out of 38 in prioritized terms. Brazil has been a market leader in investor relations practices for many years. In 2006, Brazil became the first sovereign to score 38 out of 38 in prioritized terms.

Brazil operates two investor relations programs. Gerin is operated by the Central Bank of Brazil (BCB) and a second National Treasury Investor Relations Unit (IRU) is operated by the Debt Management Office at the National Treasury. The existence of the two offices has evolved out of organizational changes. Since the original 2005 report, both programs have been assessed separately. However, Brazil's overall assessment reflects a combined score including positive elements from both investor relations efforts of the Gerin office at the Central Bank of Brazil and the IRO offices at the National Treasury. Gerin has added a link to direct investors to the IRU in the "About Us" section of the Gerin website. The link is very helpful to investors, as new visitors to the website will be made quickly aware of Brazil's dual office structure.

Both Gerin and the IRU participate in the Brazil: Excellence in Securities Transactions (BEST Brazil) activities. The BEST Brazil initiative is aimed at promoting the Brazilian capital markets to the international investor community involving various official agencies including, in addition to the Treasury and the BCB, the Securities and Exchange Commission of Brazil. The main activities of BEST Brazil consist of roadshows, meetings and other projects in the main financial centers all around the world. . Although, BEST Brazil was launched in 2004, Gerin has recently enhanced their website by linking their website to the BEST Brazil website. Through these links, Gerin has satisfied the criteria for non-deal roadshow(s) and Structural (legal, regulatory) information available. Additionally, for the convenience of investors, Gerin has now prominently displayed a link to Archives of presentations which satisfies the criterion investor presentations and conference call materials available on website(s).

At the time of the release of the IIF investor relations and data transparency update in September 2006, Gerin satisfied 17 criteria in the investor relations assessment. With the inclusion of links to regulatory information, archives, and information regarding roadshows, Gerin now satisfies three additional criteria for a total of 20. The prioritized score moved from a total of 34 to a score of 38. Gerin has surpassed global leaders Korea, Mexico, and the Philippines.