IBRD Loan: US$195.450 million
Terms: Maturity = 30 years; Grace Period = N/A years
Project ID: P103770
Project Description: The Alagoas Fiscal and Public Sector Reform Development Policy Loan will support significant and sustainable reforms in key areas of public administration. These reforms will expand fiscal space for public investments. They will also allow the state to use more effectively its own resources and those transferred by the federal Government to undertake a program of targeted capital investments and improve its management capability. In addition, the loan will help the state to comply with the Federal Fiscal Responsibility Law (FRL), a purpose shared by Brazil's federal authorities.