The FINANCIAL -- Brazil’s energy
and mining sectors are among the largest in the developing world, and
have contributed significantly to the country’s growth in recent years.
However, both still face challenges to realize their full development potential and promote environmental sustainability and social inclusion.
To support Brazil’s efforts to meet these challenges, the World Bank has approved today a US$ 49.6 million loan for the Energy and Mineral Sectors Strengthening Project. The project will directly benefit the Brazilian population, and especially the poorer groups most dependent on energy affordability and mineral extraction, who will have access to more reliable power at lower prices, and receive increased positive spillovers from an expanding, more efficient and sustainable mineral sector.
The Project will provide technical assistance to strengthen the capacity of key public institutions to increase the sector’s contributions towards a lower carbon growth path that is environmentally and socially sustainable. This will be especially important as Brazil accelerates its economic growth in the next few years and continues to expand its global role in the mineral and energy sectors.
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