IDB lends to Mato Grosso

IDB lends to Mato Grosso

Loans Debt Inter-American Development Bank (IDB) International Financial Institutions Brazil United States Regulation

The Inter-American Development Bank (IDB) said Friday that it had granted a $56.3 million loan to the state of Mato Grosso in center-west Brazil to make public spending more efficient and more transparent. The loan is part of the $900 million Profisco II program that the IDB rolled out in 2017 to finance the digital transformation of fiscal management systems for Brazil's state governments, the Washington DC-based development bank said in a press release. The loan also fits the IDB's strategy to

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