WB'S financing to benefit Brazil's 10m people in Parana state
About 10 million people in the state of Paraná to benefit from a $350 million project approved by the World Bank Board of Directors today.
The SWAp for Paraná Multi-sector Development Project, will support a multi-sector reform to improve the state's fiscal management and will promote the modernization its public services.The current fiscal balance situation, resulting from our ongoing fiscal adjustment, enabled the State to employ this form of credit from the World Bank, said Roberto Richa, Governor of the Paraná state.
Our partnership with the World Bank will accelerate the modernization of public services, with more investment in health and education, offering higher quality services and, making the state even more competitive in attracting new businesses. Located in the south of Brazil, Paraná is the fifth largest economy in the country, representing 5.9 percent of Brazil's Gross Domestic Product.