BR Promoting Fiscal Management and Private Sector in the State of Pernambuco Development Policy Loan

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The development objective of the Promoting Fiscal Management and Private Sector in the State of Pernambuco Development Policy Loan for Brazil supports the State of Pernambuco in: (i) improving fiscal management and quality of public expenditure; and (ii) strengthening the enabling environment for green private sector development. The first pillar seeks to improve fiscal management and the quality of public expenditure by improving in-year spending controls, supporting the State to enhance public procurement efficiency, improving the public investment management systems, and simplifying tax compliance procedures. The second pillar strengthens the enabling environment for green private sector development by making it easier to register companies, supporting the private sector to adopt environmentally sustainable practices, and facilitating licensing for renewable energy projects.