World Bank Helps Improve Slums in Brazil

The World Bank plans to expand its investments in urban infrastructure all around the world. The Bank’s director of administration and urban development, Eleotério Codato, says that the investments should double in 2005, compared with the average for the past five years (US$ 1.5 billion).

“That means that this year’s amount should attain US$ 3 billion, and the projection is to triple 2005’s amount in fiscal 2006,” he said.


Codato is in Brasí­lia, where he is participating in the 3rd International Symposium on Urban Research, which runs through tomorrow and is sponsored by the Institute of Applied Economic Research (IPEA) and the World Bank.


According to him, the Bank is facing growing demand from governments of countries such as Brazil, China, and India to make more resources available.


The idea, according to Codato, is for the institution to resume its role as a source of financing for infrastructure projects.


In Brazil, Codato observes, the Bank has invested US$ 500 million in progams linked to housing.


“The World Bank has, for example, a very important slum improvement project with the government of Bahia, involving around US$ 65 million for this year,” he explained.


Translation: David Silberstein


Agência Brasil

Tags:

You May Also Like

US Fed Offers Currency Swap Lines to Brazil, UK, Switzerland

According to Brazil's Central Bank President, Henrique Meirelles, the extension of a US Federal ...

Terror in Brazil: Prison Gangs Kill 19 in Rio

Rio de Janeiro’s authorities cannot agree on what led criminals to launch, at dawn ...

Brazil Happy with US Congress’s Decision to End Cotton Subsidies

Brazil’s Ministry of Foreign Relations reports that the Brazilian government is satisfied with the ...

Brazilian Car Racer Gets Pole Position in Miami’s Real Estate Race

The world of auto racing has attracted fans from across the globe. Perhaps people ...

IMF Applauds While Banks Lament Brazil’s Economic Performance

Latin American stocks were mostly higher, with Brazilian stocks posting the biggest gains on ...

FIFA Denies it Had Threatened to Take World Cup Away from Brazil

Dilma Rousseff, the president of Brazil, had a “positive meeting” with FIFA general secretary ...

Suzano Gobbles Up Polibrasil and Becomes LatAm Leader in Polypropylene

Brazilian company Suzano PetroquÀ­mica S.A. announced that it has concluded the acquisition of the ...

Favela Residents in Brazil Get Deed to Their Shacks

Brazilian officials said yesterday, September 25, they will begin mapping two labyrinthine Rio shantytowns, ...

Brazil’s Lula Vows to Cut Own Flesh If Needed to Root Out Corruption

Brazilian President Luiz Inácio Lula da Silva sacked the leading officials from the government ...

Brazilian Lock Maker Knocks on Arab Doors

Brazil's lock and doorknob manufacturer Lockwell, which owns a factory in the capital of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`