IBRD Loan: US$485 million
Terms: Maturity = 29.5 years; Grace Period = N/A
Project ID: P117244
Project Description: The Fiscal Sustainability, Human Development, and Competitiveness Development Policy Loan is designed to assist the Government of the State of Rio de Janeiro (GORJ) in sustaining its strategic efforts to improve fiscal management, competitiveness and social service delivery in the context of a temporary fall in revenues associated with the recent global financial crisis and economic slowdown. Specifically, the loan supports measures that: (a) strengthen fiscal consolidation through reduced long-term fiscal risk, improved efficiency of tax administration and strengthened budget procedures and financial management; (b) improve quality and efficiency of the business registration process; (c) increase quality and efficiency of the basic education system; and (d) increase access to and efficiency of health services, especially for urgent and emergency health care in disadvantaged areas and for low-income populations.