IBRD LOAN: US$24.8 million
TERMS: Grace = 5 years; Maturity = 10 years.
PROJECT DESCRIPTION: The further consolidation and expansion of Sistema de Información para la Gestión Financiera del Estado (SIGFE) will continue to strengthen Chile’s public expenditure management, thus ensuring increased efficiency and transparency in the allocation and use of public resources. Moreover, by strengthening financial management at the municipal level, the project will help improve the effective utilization of municipal resources while promoting greater accountability.
