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Article: Brazil: World Bank Approves US$1.1 Billion Program for Growth, Fiscal Sustainability and Social Development in the State of Rio Grandedo Sul; Biggest World Bank loan ever for a sub-national government.
- Article from:
- M2 Presswire
- Article date:
- August 1, 2008
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M2 PRESSWIRE-1 August 2008-The World Bank Group: Brazil: World Bank Approves US$1.1 Billion Program for Growth, Fiscal Sustainability and Social Development in the State of Rio Grandedo Sul;Biggest World Bank loan ever for a sub-national government(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:31072008
WASHINGTON -- The World Bank Group today approved a two-tranche Development Policy Loan totaling US$1.1 billion for the Rio Grande do Sul Fiscal Sustainability Program. The program will assist the State in achieving a more stable and sustainable fiscal position, improve its debt profile, reduce social security imbalances, and enhance the efficiency of the ...