Brazil

The development objectives of the Second Minas Gerais Development Partnership Project for Brazil are to: (i) to help the State of Minas Gerais improve the efficiency... Show More + and effectiveness of public resource use and allocation for economic and social development; (ii) to support the adoption of innovations in public management by the State; and (iii) to support the state in strengthening its results-based management system of monitoring and evaluation of results. The extension is necessary for the project to be fully and successfully completed. Additional time is needed to complete technical assistance activities of strategic importance to the borrower, related to the new institutional arrangements introduced for the management of the Metropolitan Region of Belo Horizonte (MRBH), the state capital. The activities seek to support the development of master plans to guide urban and economic development in key areas of the metropolitan region. This initiative could have potential demonstration effects for other metropolitan areas in Brazil. The contract with the consulting company was signed in early December 2012.This will be the third extension of the project. Show Less -

The development objective of the Third, fourth, and fifth Phase of Rio Grande do Sul Integrated Municipal Infrastructure Project (APL) is to strengthen the capacity... Show More + of the municipalities of Bage, Pelotas, Rio Grande, Santa Maria and Uruguaiana to provide selected infrastructure services and employment opportunities for their population. The following factors are the main drivers of the restructurings: the Brazilian Real (BRL) has appreciated significantly against the United States Dollar (USD) since Project preparation, going from an average of BRL 2.2 for USD 1 at the time of appraisal/approval to an average exchange rate of BRL 1.77 since 2010, corresponding to the contracting and disbursement launch periods, there has been a significant increase in construction costs in Brazil, accompanying the scaling up of Federal Government's investment in infrastructure and economic growth, and there were also delays in initiating some activities related to the procurement processes and/or the finalization of the detailed designs. Show Less -

This Third Minas Gerais Development Partnership Development Policy Loan (DPL) Project for Brazil is designed to assist the Government of Minas Gerais (GoMG) in its efforts... Show More + to promote fiscally, environmentally and socially inclusive sustainable development in the State of Minas Gerais. Although requested as a stand-alone DPL, the operation forms part of a long-term engagement with the State, which started in 2003. It is the fourth1 operation following the two-tranche Minas Gerais Partnership for Development DPL in the amount of US$170 million; the Second Minas Gerais Development Partnership Project, a US$976 million Specific Investment Loan with a multi-Sector Wide Approach (SWAp); and its Additional Financing of US$461 million. The operation is organized around four pillars: (i) budget and public sector management; (ii) social inclusion; (iii) environmental sustainability; and (iv) metropolitan governance. Each of these pillars includes substantial innovations in management and policy which build on the previous eight years of reforms, and the partnership with the World Bank. Show Less -