• Categories
  • Archives

US$ 1.2 Billion for Brazil’s Environment

The World Bank will lend Brazil US$ 1.2 billion over the course of four years to execute sustainable development projects. This is the largest sum ever allocated by the Bank anywhere in the world to projects with an environmental focus.

The Brazilian government will not be required to contribute counterpart funds and will have 17 years to repay the debt, with a five-year grace period. The annual interest rate is 4.9 percent.

Besides projects within the domain of the Ministry of Environment, the resources will go to programs administered by the Ministries of Finance, Mines and Energy, Agrarian Development, National Integration, Cities, and Tourism.


The first portion of the loan will amount to US$ 505 million and will be submitted to analysis by the Senate before being credited to Brazil’s accounts.

Some of the projects covered by the loan are: the plan for the prevention and control of deforestation in the Amazon, the Sustainable Amazon Plan, and urban planning projects.

Agência Brasil
Reporter: Lana Cristina
Translator: David Silberstein



Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Military Was Building A-Bomb Disobeying Constitution and President

An atomic bomb as powerful as those dropped in Hiroshima and Nagasaki, was almost ...

Brazil Protests and Family Calls Shameful UK Decision on De Menezes

Brazil regretted Monday, July 17, the British prosecutors decision not to charge the police ...

Government Declares Brazil’s Zero Hunger a Success

2005 was "very positive" for Brazil as far as activities to combat poverty are ...

Head of Inquiry on Brazil’s Kickback Scandal Vows There Will Be No Whitewashing

In the two weeks since it was installed, Brazil’s Parliamentary Investigative Commission (CPI) that ...

Brazil: Army Celebrates 1964 Military Coup and Says It Is Proud of It

The Brazilian commander of the Army praised the military coup of 1964 and said ...

Indians Under the Gun in Brazil

Potiguara Indian leaders went to Brasília after being threatened and attacked by the owners ...

Lounging to the Sounds of Brazil

Bossa Nova Lounge, a two-part collection is a selection of rare tracks with songs ...

Brazil’s PMDB Decides Not to Expel Party Members with Posts in Cabinet

The National Executive board of the PMDB approved a proposal last week to withdraw ...

All Eyes on Brazilian Senate for Minimum Wage Vote

The Senate is expected to have a busy week. However, the leader of the ...