Brazil, May 16 -- The World Bank has approved a new financing package to support the State of Pernambuco in improving public fiscal management and strengthening the enabling environment for environmentally responsible private sector development, that can foster more employment and development opportunities in the state.Pernambuco, a northeastern Brazilian state with around 9 million inhabitants, faces significant challenges, including high poverty and unemployment rates, as well as climate-related vulnerabilities such as water scarcity in the semi-arid interior and flood risks along the coast.The US$275 million financing operation is structured around two main pillars: improving fiscal management and quality of public expenditure and streng...