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IDB supports Brazil’s Federal Court of Accounts

The IDB has approved a $5 million loan to support the strengthening and modernization of Brazil’s Federal Court of Accounts, the auditing arm of the legislative branch of government with jurisdiction over the entire country.

The resources will enable the court to update its auditing methods and adopt new techniques and methodologies. The court will also be better prepared to expand into new activities, such as ensuring fiscal responsibility in the administration of federal resources and controlling utilities regulation.

The program will consolidate a management outcomes model adopting the principles of total quality management, strategic planning, results-based management and other modern techniques that will help the court respond more effectively to society’s demands.

The IDB loan will also help to finance staff development, information dissemination and greater integration with the National Congress, territorial public officials and civil society.

The Federal Court of Accounts is responsible for financial, budgetary, operational and accrual accounting of the national government, including indirect government agencies. Its jurisdiction extends to the expenditure of federal funds in the 26 states, the Federal District and 5,561 municipalities.

The Court of Accounts modernization program reflects the IDB strategy of promoting transparency and accountability through reform of the state. The Bank has supported the strengthening and modernization of audit institutions in several member countries, including Chile, Colombia, Dominican Republic and Paraguay.

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