IDB Invests in Brazilian City’s Program for Shanty Dwellers

A favela in Rio de Janeiro, Brazil. The Inter-American Development Bank is providing USD150 million to improve the living conditions of people living in the city's 30 favelas and six unregulated settlements. Photo by: Peter Fabricius

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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    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.