IFC offers financing for Sanesul projects

- Wednesday, August 10, 2011

IFC offers financing for Sanesul projects

The World Bank's International Finance Corporation IFC has offered financial support to Brazil's Mato Grosso do Sul state water utility Sanesul, the utility's finance and administration director, André Luiz Soukef, said in a release.

During the first week of August, Sanesul met with IFC coordinator Yoko Katakura and regional representative Rogerio Pilotto, who expressed interest in projects that promote institutional development and sustainable growth, Soukef said.

Other lines of credit have been offered by national development bank BNDES and federal bank Caixa Econômica Federal (CEF), the report said. The utility is now reviewing all options.

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IFC's overall goal is to reduce poverty through the provision of loans and technical expertise to private and sub-national companies in developing countries that are involved in the infrastructure sector.

The corporation supports projects such as the construction of roads, hospitals and schools and those aimed at improving supply of energy, potable water and sewerage services.