Brazil, Dec. 22 -- The World Bank Board of Directors has approved the first phase of the Brazil Electromobility Multiphase Programmatic Approach (MPA), to help cities modernize their public transport systems, improve service quality, and reduce emissions through the introduction of electric buses (e-buses) and associated infrastructure.Phase 1, implemented by Caixa Economica Federal (Caixa), represents a US$500 million investment in cleaner, more efficient urban mobility. The operation will support the creation of a national credit line to finance the replacement of diesel buses with e-buses, the upgrading of depots and power distribution networks, and the provision of technical assistance to cities and operators. By catalyzing new investme...