World Bank Approves $190 Mln Loan To Brazil Pernambuco State

January 15th, 2010

The board of the World Bank approved a loan worth $190 million to Pernambuco state, in northeast Brazil, to support the so-called Pernambuco Sustainable Water Project, the bank said late Thursday in a press release.

That project aims to provide urban areas in the Capibaribe river basin and the Metropolitan Region of Recife, the state’s capital, with universal access to water supply by 2014 and sanitation services by 2018.

The loan will mature in 27.5 years and has a grace period of 6.5 years.

By Rogerio Jelmayer

http://online.wsj.com

Related Content about Brazil, Paraiba and Joao Pessoa:

1. World Bank economist: Worst of financial crisis over in Latin America The worst of the financial crisis is over for Latin...
2. Brazil pleads for new world economic order BRAZILIAN President Luiz Inacio Lula da Silva has made a...
3. Brazil approves government loans for World Cup venues Brazil on Tuesday approved government loans to build or renovate...
4. Thank God for the Economic Crisis, Says Brazil’s Lula Talking about the efficiency of the Brazilian economy president Luiz...
5. Brazil Bank Keeps Rate, Signals No Increase Imminent Brazil’s central bank kept its key interest rate at a...

---