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IDB funds social programs in Porto Alegre

IDB funds social programs in Porto Alegre

May 26, 2023
US-based development bank grants a $150 mln loan for education, job training and other programs

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

The Inter-American Development Bank (IDB) said it granted a $150 million loan for education, job training and other social programs in the city of Porto Alegre in Brazil. "The program will address the main sources of vulnerability for the groups most affected by the pandemic," the IDB said in a press release on Wednesday, adding that the funding will expand nurseries for children and allow their caregivers, mostly women, to join the workforce. The loan will also go to technological infrastructur

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