Source: infoZine

The World Bank's Board of Executive Directors approved a $100 million loan to the State of Bahia in Northeast Brazil to increase the effective use of the State's road infrastructure as a way to stimulate economic growth.

"We are pleased to support the State's long-term development by addressing the effectiveness in the use of State road infrastructure," said John Briscoe, World Bank Director for Brazil. "By reducing the cost of doing business and increasing the State's productivity, the project will have significant effects on job creation and income, as well as contribute to sustainable growth and poverty reduction."

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Posted by pichu at November 15, 2006 11:24 PM