Brazil, June 18 -- The Inter-American Development Bank (IDB) has approved new financing to support the Brazilian government's efforts to foster a favorable environment for investment and private sector activity. The operation strengthens the Institutional Reforms Program for Competitiveness and Business Improvement, in partnership with the Ministry of Development, Industry, Trade, and Services.With financing of $100 million, or approximately R$ 560 million, in the form of a policy-based loan (PBL), the program aims to consolidate progress made in this area and promote the medium- and long-term sustainability of reforms that reduce transactional costs for the private sector in the country.Expected results of the program by 2027 include stren...