His administration was informally known as the República do Pão de Queijo ("Republic of Cheese Bread"), as the majority of his cabinet was composed of people from Minas Gerais.

[2][3][1] In 1992, Fernando Collor was indicted for illegal fundraising involving his campaign treasurer, PC Farias.

The investigations by the Parliamentary Inquiry Commission (CPMI) revealed that Collor benefited directly from the corruption scheme.

[7][8] Between October 1992 and May 1993, Itamar appointed three people to the Ministry of Finance (Gustavo Krause, Paulo Haddad and Eliseu Resende), but none of them managed to solve the problems of the Brazilian economy.

[1][10][11] Some criticisms related to the amount of privatizations made by the government, the increase in unemployment and the reduction in workers' purchasing power were raised.

[14][15][16][17][18] In 1993, the Plano Decenal de Educação para Todos ("Ten-Year Plan for Education for All") was launched in response to the Jomtien Conference with the goal of guaranteeing minimum learning content for children, young people and adults.

In the same year, Brazil participated in the New Delhi Declaration on Education for All, which included a commitment by the world's nine most populous developing countries to achieve the goals set at Jomtien.