BR State of Alagoas Sustainable Development Policy Loan

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The development objective of the State of Alagoas Sustainable Development Policy Loan for Brazil is to support reforms of the state of Alagoas to strengthen policies for the sustainable use of public resources and the management of environmental resources. Pillar 1, strengthening policies for the sustainable use of public resources supports reforms that strengthen the sustainable use of public resources through the adoption of: (i) fiscal rules aimed at controlling current expenditures and ensuring fiscal space for public investments, (ii) a new framework for public asset management, and (iii) a new framework for public investment management. Pillar 2, strengthening policies for the sustainable management of environmental resources supports policies to strengthen the management of environmental resources by: (i) improving the governance of the environmental management system, (ii) a commitment to reduce greenhouse gas (GHG) emissions and measures to adapt to the effect of climate change, (iii) increasing the efficiency in the analysis and processing of environmental licensing, (iv) improving the quality of information used in the Rural Environmental Registries, and (v) the establishment of the State Policy for Payment for Environmental Services (PEPSA).