World Bank support for Rio Grande do Sul Brazil’s fourth largest economy

Wednesday, May 2nd 2012 - 05:30 UTC

Full article 2 comments

The World Bank approved a 480 million dollars loan to strengthen public investment in the Brazilian State of Rio Grande do Sul which will benefit around ten million people. Read full article

Comments

Disclaimer & comment rules

GeoffWard2
Interesting that it is the State, rather than federal government, that is taking these initiatives.
But all credit to them (no pun intended).
The loan repayments shouldn't be too onerous, and a big tranche of cash thrown at the problems before they get any bigger is a good thing.
May 02nd, 2012 - 09:43 am - Link - Report abuse 0
-+
Fido Dido
“Interesting that it is the State, rather than federal government, that is taking these initiatives.”

That's the good thing of having strong State rights/autonomy in the constitution, something they (Rio Grande do Sul) and other States argued/fought (reading their history) for...and still does (recently oil royalties where they decided that Fed. Gov. should collect less so it can share with other non oil/gas producing States).

What Rio Grando do Sul is doing can also be done by States in the North-East region, but Fed. Gov. loves to have a strong hand there in that region.
May 02nd, 2012 - 03:30 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!