IDB Supports Bahia

IDB Supports Bahia

Bonds Structured Finance

The IDB has approved a $409m loan to Brazil’s Bahia state to implement a fiscal modernization program that will include measures to boost tax collection, improve spending controls, and enhance its public debt profile. A first disbursement of $209m will be used to improve the public debt profile and cut payment service by eliminating the residual debt obligations stemming from a 1997 debt agreement with the federal government, says the IDB. A second disbursement of $200m will support improved fis

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