Brazil: Education Results and Accountability Project

WASHINGTON, April 14, 2009 - The World Bank’s Board of Executive Directors today approved the following project:

IBRD Loan: US$154 million

TERMS:  Maturity = 15 years; Grace period = 5 years

PROJECT DESCRIPTION:  The project will (a) improve the quality, efficiency and equity of public education in Pernambuco; and (b) introduce management reforms that will lead to greater efficiency in the use of the Pernambuco State’s public resources in the education sector, all through interventions in the State Secretariat of Planning and Management (SEPLAG), State Secretariat of Education (SEE), and State Secretariat of Administration (SAD).

Media Contact

Gabriela Aguilar

(202) 473-6768

gaguilar2@worldbank.org 

For more project information, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P106208