The State of São Paulo, Brazil, will advance its digital transformation process to improve the quality and efficiency of public services to citizens, with a $164 million loan approved by the Inter-American Development Bank (IDB).
The funds will be used to expand digital inclusion through greater access to and use of digital public services, and to improve the efficiency and transparency of public management through digital transformation.
Specifically, the financing will support modernization of the Poupatempo Digital platform, where citizens can access various public services; strengthen cybersecurity and the São Paulo State Data Center, including developing a state data strategy; and support improvements in the transparency and open data portal.
In addition, the program will finance actions to improve the connectivity of the vulnerable population in areas of the state with less access to the Internet, and will invest in accelerating digitalization of the health sector.
Finally, the program will develop and implement a digital literacy strategy for women, and digitization of state public services will include universal access functionalities for people with disabilities. It will also expand the offering of telehealth services with a gender-differentiated approach.
This is the fifth individual operation under the $1 billion "Brazil More Digital" conditional credit line approved by the IDB in April 2021 to finance investment projects in support of the country's digital transformation.
The program is part of the IDB's Vision 2025 initiative to accelerate economic recovery during the post-COVID-19 pandemic period through digitalization and greater diversity and gender inclusion.
The loan to the State of São Paulo has an amortization term of 24.5 years, a grace period of 6 years, an interest rate based on SOFR, and a local government counterpart contribution of $41 million.
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