BR State of Rio Grande do Sul Sustainable Recovery and Climate Resilience Development Policy Loan

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The development objective of the State of Rio Grande do Sul Sustainable Recovery and Climate Resilience Development Policy Loan for Brazil is to support the state of Rio Grande do Sul to strengthen policies to mitigate the impacts of climate-related events and promote the efficient use of public resources. The two pillars of the development policy loan (DPL) are closely aligned with the guiding themes of the state government’s Multiannual Plan for (PPA) 2024-2027. Pillar one is linked to the other two axis of the PPA: inclusive, just, and happy society, which is dedicated to social inclusion, equality, education, health, and cultural development; and innovative economic development, which targets sustainable development, focusing on innovation, environmental sustainability, and the promotion of new economic opportunities. Pillar two is linked to two axes of the PPA: prosperous state, which focuses on fiscal consolidation; and better public investments, and planning, governance, and management, which emphasizes the importance of effective governance, strategic planning, fiscal responsibility, and the modernization of public administration. This operation is also aligned with the Government of Rio Grande do Sul (GoRS’) plans to reduce the budgetary cost of its liabilities and to thus make further progress toward restoring fiscal sustainability.