Coordenação de Aperfeicoamento de Pessoal de Nível Superior

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES), or Brazilian Federal Agency for Support and Evaluation of Graduate Education, also known as CAPES Foundation, is a Brazilian federal government agency under the Ministry of Education, responsible for quality assurance in undergraduate and postgraduate institutions in Brazil. The agency evaluates educational establishments every two years, and grades them according to the quality of the courses provided.

Source: Wikipedia — Coordenação de Aperfeicoamento de Pessoal de Nível Superior (CC BY-SA 4.0)