Brazil: Pernambuco Rural Poverty Reduction Project - Additional Financing

October 19, 2006

IBRD LOAN: US$30 million
TERMS: Grace period = 5 years; Maturity = 17 years
PROJECT DESCRIPTION: The main objective of the additional financing is to increase the impact of the original project by using the social capital created under it to further increase incomes of the rural poor and by fostering closer integration of development policies, programs and projects in rural areas at the local level, by mainstreaming the project Municipal Councils’ participatory processes in seeking funding from, setting priorities for and making decisions concerning the allocation of resources from other programs beyond the Bank supported project.

Media Contacts
Stevan Jackson
Tel : (202) 458-5054