Brazil

The State of São Paulo and the municipalities of Rio de Janeiro and Belo Horizonte will implement programs to promote social inclusion and improve servicesWASHINGTON, June 17, 2013 – The World Bank Board... Show More + of Directors has approved three loans for  Brazil, that together reach the amount of US$500 million. The State of São Paulo and the municipalities of Rio de Janeiro and Belo Horizonte are the recipients of the loans and will implement special programs to promote sustainable social inclusion and improve services delivery, especially for the poorest population.The São Paulo State Sustainable Transport Project will contribute to improve logistics and transport safety, while enhancing capacity in environmental and disaster risk management, in the State, Brazil’s industrial center and most populous, with 40 million people. While São Paulo’s transport infrastructure is among the best in Brazil, it requires continuous investment to foster Brazil’s competitiveness. The Project will suppor Show Less -

The US$ 300 million loan will support the State’s program of road rehabilitationEnhanced environmental and disaster risk management capacity also envisionedWASHINGTON, June 17th, 2013 – The World Bank... Show More + Board of Directors has approved a US$300 million loan as part of the São Paulo State Sustainable Transport Project. The program will contribute to improve logistics and transport safety, while enhancing capacity in environmental and disaster risk management,in the State, Brazil’s industrial center and most populous, with 40 million people."This is a state geographically very extensive, with more than 258,000 km ². Given that, it is necessary to strengthen this partnership in order to invest more in transport and logistics system. And that means more decentralized development, spread across different regions, and more security to prevent environmental disasters and road accidents, which are now the leading cause of mortality in the world”, said the State of São Paulo governor, Geraldo Show Less -

WASHINGTON, June 12, 2013 – Risks from advanced economies have eased and growth is firming, despite ongoing contraction in the Euro Area. However, the pick-up in developing countries will be modest because... Show More + of capacity constraints in several middle income countries, says the World Bank in the newly-released Global Economic Prospects (GEP) report.Global GDP is expected to expand about 2.2 percent this year and strengthen to 3.0 percent and 3.3 percent in 2014 and 2015[1].  Developing-country GDP is now projected to be around 5.1 percent in 2013, strengthening to 5.6 percent and 5.7 percent in 2014 and 2015, respectively. Growth in Brazil, India, Russia, South Africa and Turkey has been held back by supply bottlenecks. While external risks have eased, growth in these countries is unlikely to reach pre-crisis rates unless supply-side reforms are completed. In China also, growth has slowed as authorities seek to rebalance the economy. Looking at broader region-wide trends, the East Asi Show Less -