IDB Provides $1 Billion for Reforms to Enhance Business Environment and Promote Investment in Brazil
Brazil, July 25 -- The Inter-American Development Bank (IDB) approved a $1 billion (R$5.5 billion) loan to support Brazil's ambitious policy reform agenda under its Ecological Transformation Plan. This operation is designed to unlock private investment by improving financial conditions and the business environment, as well as strengthening governance and institutional capacity.At the heart of this initiative is Eco Invest Brasil, a pioneering collaboration between the IDB and the Brazilian government that is designed to provide more favorable financial conditions, in addition to novel financing tools for policymakers to overcome one of the oldest and most pressing barriers to investment, currency volatility. Eco Invest is expected to mobili...
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