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IDB, Brazil sign $20 million loan for strengthening of fiscal administration of the state of São Paulo, Brazil

Inter-American Development Bank Vice President Dennis E. Flannery, the Governor of the State of São Paulo Geraldo José Rodrigues Alckmin Filho and the Brazilian Ambassador to the United States Roberto Pinto Ferreira Mameri Abdenur today signed the documents for a $20 million loan for a program to improve efficiency, efficacy and transparency in the administration of public resources of the state.

The general objective of the program is to help foster fiscal reform and modernization of the State of São Paulo through strengthening the institutions related to tax, finance and budget administration, particularly the Secretaria de Estado de Hacienda (SEFAZ) that will be in charge of executing the program.

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