It may not be much consolation after yesterday’s World Cup defeat to Germany, but Brazil should feel at least a twinge of national pride over the groundbreaking new parking policies its largest city has adopted.

Late last month, leaders in Sao Paulo approved a strategic master plan that will go a long way toward making the city more walkable and transit-oriented. The plan includes what may be the most progressive parking policy of any city in the developing world and would vault Sao Paulo well ahead of any U.S. city.

The plan eliminates minimum parking requirements citywide and imposes parking maximums — one space per residence — along transit corridors. Getting rid of parking minimums is expected to reduce traffic and make housing more affordable.

Sao Paulo is the first “megacity in the developing world” to entirely eliminate parking minimums, according to the Institute for Transportation and Development Policy. Many major U.S. cities have dropped parking minimums in their downtown areas, but so far none has applied this smart policy reform citywide.

“By reducing parking around transit corridors, São Paulo will start reducing traffic, improving street life, and encouraging the use of public transit,” writes ITDP. “Though parking minimums have long fallen out of favor in many American and European cities, São Paulo is leading the way for cities in developing countries to pass major parking reform, making the city more transit and pedestrian friendly.”