STA CATARINA TOWNS

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The Santa Catarina Small Towns Improvement Project will provide a line of credit (subloans) to participating municipalities in the State of Santa Catarina for the first time. The subloans will be complemented by grant funding from the State. The subloans will finance priority investments prepared by the municipalities with the assistance of the Municipal Associations, reviewed by GAPLAN and BADESC, including: urban infrastructure (street paving, bridges), productive activities (warehouses, grain storage facilities), community facilities (schools, social centers), equipment and technical assistance. The program will focus on strengthening municipal management and planning through the preparation and execution of investments according to economic criteria acceptable to the Bank. It will also strengthen municipal finances and promote rational allocation of resources by introducing cost recovery mechanisms for selected types of investments.