Brazil’s Rio de Janeiro has secured USD150 million for its project to improve living conditions in shanty areas, locally known as favelas. The Inter-American Development Bank loan will fund infrastructure improvement and social programs in these areas. The project will benefit 100,000 people in 30 favelas and six unregulated settlements.
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About the author
Eliza Villarino
Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.