Brazil Secures World Bank Loans for Municipal Development, Transport

The World Bank will lend

to foster economic growth and job creation, as well as improve infrastructure services in Brazil's Rio Grande city. The sum is the fifth loan for the state's municipal development program, which has so far secured $66 million from the bank. The project aims to strengthen municipal governance, generate employment opportunities and enhance territorial infrastructure. The Washington-based lender will also provide a further

to support a mass transit project in Rio de Janeiro. The project will improve the state's suburban rail transport by purchasing 30 trains and strengthening the capacity of the office of the state secretary of transport.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.