Brazil has been dealing with poverty for many years, but in 2008 the country was given an improved rating of "investment grade" by Standard and Poor's. Standard and Poor's issues independent credit ratings for countries based on their finances. If a country has a high grade then investors and the public are more likely to highly regard it. The only problem with this is that while Brazil's credit rating was improving, the country of 200 million people still had 40 million living in extreme poverty.
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The improved credit rating did not do anything to improve human life in Brazil as had been anticipated. Half the population still lacks clean water and proper sanitation today. To make matters worse, when Brazil hosted the World Cup in 2014 the government spent billions of dollars on new soccer stadiums and infrastructure needed to support the millions of people that flooded the city for the event. This money was spent on the World Cup despite the fact that Brazil still lacks hundreds of proper schools and hospitals for residents.
After the tournament's conclusion, reports surfaced showing that thousands of people living in poverty had actually lost their homes at the expense of World Cup infrastructure. Billions that could've been spent on improving the city for citizens went towards the World Cup instead. But the irony here is that Brazil's poor still embraced the tournament and rooted for their country with pride, making it even more apparent that the government really took advantage of its impoverished citizens.
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