The World Bank is set to invest $560 million (approximately €496 million) to promote sustainability actions, climate initiatives, efficient public management, and projects that encourage female entrepreneurship, green energy, and efficient transportation, according to World Bank communication consultant Sidronio Henrique in an interview.
Sidronio Henrique outlined that the initiative is structured around two main pillars.
The first pillar focuses on climate resilience and supporting vulnerable populations through financial assistance for low-income families affected by natural disasters.
“The project also encourages female entrepreneurship through quotas in the Women Entrepreneur program,” Henrique noted.
The second pillar emphasizes improved management of public expenditures.
“This involves systematic reviews of expenses associated with the budget and the adoption of a new framework for public investment evaluation, incorporating technical, socioeconomic, environmental, and climate criteria,” explained the consultant.
The state of Bahia will receive $200 million (approximately €177 million) for sustainable infrastructure projects (‘green’) and energy inclusion, while Rio Grande do Sul will receive the majority of the funds as it continues to recover from last year’s floods, Henrique contextualized.
