This chapter discusses Brazil's main achievements to date and identifies policy areas that require further action to sustain its growth potential. Brazil's improved growth performance is essentially due to ongoing macroeconomic adjustment and structural reforms in several policy domains. Political commitment to policy continuity in many areas has been instrumental in this process, especially in terms of building credibility in the country's institutional framework for policy-making. A supportive external environment in recent years has also contributed to a much needed adjustment in the country's external accounts, making the economy more resilient to external shocks. Further efforts towards increasing Brazil's growth potential should focus on two main areas. First, the consolidation of macroeconomic adjustment would fulfil an important framework condition for growth. Second, effort to close the gap in educational attainment and performance in relation to the OECD area would put Brazil in a better stead to compete in international trade.