ACTIVITY TITLE
Rio de Janeiro Adjustment and Sustainable Development Policy Loan
Reported by
World Bank 44000 Multilateral
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
Multilateral (inflows) 2
Sector budget support A02
Untied 1
Planned start date 2022-05-18
Planned end date 2024-12-31
Actual start date 2022-06-16
Actual end date 2024-12-31
activity status: Finalisation
Physical activity is complete or the final disbursement has been made, but the activity remains open pending financial sign off or M&E
WHO'S INVOLVED ( 5 )
PARTICIPATING ORG REFERENCE ROLE TYPE
International Bank for Reconstruction and Development
REF 44001
Funding Multilateral
International Bank for Reconstruction and Development
REF 44001
Extending Multilateral
Municipality of Rio de Janeiro
Accountable
Secretaria Municipal de Fazenda e Planejamento
Implementing
Secretaria de Transporte
Implementing
Objectives
The Program Development Objective of this programmatic series is to support the Municipality of Rio de Janeiro in: (i) strengthening fiscal management to improve medium-term fiscal sustainability; and (ii) accelerating the transition towards a low-carbon, resilient and inclusive urban development .
General
The development objectives of the Rio de Janeiro Adjustment and Sustainable Development Policy Loan in Brazil are to support the Municipality of Rio de Janeiro (MRJ) in: (i) strengthening fiscal management to improve medium-term fiscal sustainability; and (ii) accelerating the transition towards a low-carbon, resilient and inclusive urban development. This first pillar strengthens the fiscal sustainability of MRJ through its adherence to a federal program that requires the implementation of fiscal adjustment reforms. It supports complementary fiscal reforms, including: (i) the adoption of a law that triggers fiscal adjustment measures in case of fiscal distress; (ii) a legislative reform to simplify the tax on services and improve collection from tax evaders; and (iii) a legislative pension reform that increases the contribution rate for civil servants, pensioners, and beneficiaries of special pensions. It also supports reforms to improve fiscal accountability through the adoption of the international public sector accounting standards and improved internal audit capacity. The city is introducing reforms to increase the reliance on sustainable mobility modes and reduce GHG emissions, along with the city's strategy to improve building energy efficiency, waste management, low-carbon and resilient infrastructure, and disaster risk management solutions to strengthen its climate resilience. Actions in this pillar support: (i) critical legislation to improve the operational efficiency, multimodal integration, and safety for women in the Bus Rapid Transit system to attract passengers to public transport; (ii) measures to promote low-carbon transport through regulations that expand the cycling network and make the urban environment more conducive to walking and cycling; (iii) the approval of legislation that promotes climate mitigation and adaptation practices in urban mobility, energy, green infrastructure, and waste management; and (iv) the adoption of a municipal sustainable development and climate action plan, including measures to advance e-mobility, and climate risk prevention and preparedness measures such as contingency plans for coastal management and extreme heat events.
recipient country ( 1 )
BrazilBR
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
Brasilia
ID 3469058 (Geonames)
-15.77972 -47.929722 Populated Place Activity Approximate
sector ( 31 )
Reporting Organisation99( 4 )
The sector reported corresponds to a sector vocabulary maintained by the reporting organisation for this activity
FY17 - Sub-National Government BH
43
FY17 - Urban Transport TC
29
FY17 - Insurance and Pension FD
14
FY17 - Other Public Administration BZ
14
Reporting Organisation 298( 27 )
The sector reported corresponds to a sector vocabulary maintained by the reporting organisation for this activity (if they are referencing more than one)
Urban Development 000071
57
Urban Infrastructure and Service Delivery 000711
57
Climate change 000081
50
Mitigation 000811
46
Public Transport 000713
43
Fiscal Policy 000011
29
Public Administration 000043
29
Administrative and Civil Service Reform 000431
14
Air quality management 000821
14
Disaster Preparedness 000753
14
Disaster Risk Management 000075
14
Disaster Risk Reduction 000752
14
Domestic Revenue Administration 000412
14
Energy Efficiency 000861
14
Energy 000086
14
Environmental Health and Pollution Management 000082
14
Fiscal sustainability 000111
14
Gender 000061
14
ICT Solutions 000261
14
ICT 000026
14
Municipal Institution Building 000437
14
Public Finance Management 000041
14
Road Safety 000074
14
Social Insurance and Pensions 000522
14
Social Protection 000052
14
Tax policy 000114
14
Adaptation 000812
4
Financial Overview
Outgoing Commitment ( 1 )
Disbursement ( 1 )
Interest Payment ( 5 )
Loan Repayment ( 3 )
Budget ( 2 )
Outgoing Commitment
Disbursement
Interest Payment
Loan Repayment
Budget
Budget ( 2 )
START END TYPE STATUS VALUE
2023-02-01 2023-02-28 Original Indicative 0
USD
2023-02-01 2023-02-28 Revised Indicative 0
USD
Budget
Transactions ( 10 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2022-06-30
Total Commitment in June Month of 2022
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
135,238,245
USD
Outgoing Commitment
Disbursement ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2023-02-28
Total Disbursement in February Month of 2023
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
135,238,245
USD
Disbursement
Interest Payment ( 5 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2023-02-28
Total Interest Repayment in February Month of 2023
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-338,096
USD
2023-05-31
Total Interest Repayment in May Month of 2023
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-1,609,890
USD
2023-11-30
Total Interest Repayment in November Month of 2023
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-4,338,590
USD
2024-05-31
Total Interest Repayment in May Month of 2024
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-4,423,148
USD
2024-11-30
Total Interest Repayment in November Month of 2024
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-4,292,420
USD
Interest Payment
Loan Repayment ( 3 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2023-11-30
Total Loan Repayment in November Month of 2023
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-3,299,813
USD
2024-05-31
Total Loan Repayment in May Month of 2024
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-3,299,813
USD
2024-11-30
Total Loan Repayment in November Month of 2024
FLOW OOF Withdrawn 20
FINANCE Aid loan excluding debt reorganisation Withdrawn 410
International Bank for Reconstruction and Development
REF 44001
-3,299,813
USD
Loan Repayment
General Enquiries
The World Bank
Fabiano Silvio Colbano
+1-202-473-1000
The World Bank, 1818 H Street, NW, Washington, DC 20433 USA
conditions( - )
{_it./conditions/condition:/condition}
NARRATIVE TYPE DESCRIPTION