United States, March 19 -- The World Bank Board of Directors has approved new financing for the State of Rio Grande do Sul to improve fiscal sustainability and public management efficiency. This package is under the umbrella of the Fiscal Sustainability and Public Management Efficiency Program (Progestao Program), which is open to all Brazilian states. By modernizing governance structures, the project will contribute to a more transparent and accountable government that better serves its citizens.This project has allocated $50 million to Rio Grande do Sul.The Progestao Program is designed to provide a unified approach to addressing fiscal challenges faced by Brazilian states which arise from high wage and pension bill, limited public invest...