Brazil, Dec. 16 -- The World Bank Board of Directors has approved a new operation to strengthen fiscal sustainability and promote economic development in the State of Piaui, Brazil. This Development Policy Financing (DPF) will support reforms to improve the quality of public expenditure and expand private sector participation in water and land resources management, areas fundamental for the state's long-term growth.Representing a financing support package of JPY 58,000,000,000 (US$376,623,377 equivalent), the operation will expand fiscal space and improve regulatory conditions, generating jobs, stimulating private investment, and strengthening economic opportunities, particularly in agriculture and natural resource management. Key Policy Ar...