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Rio de Janeiro Adjustment and Sustainable Development Policy Loan

Abstract*

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...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

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 .

Key Details

Project Details

  • P178729

  • Closed

  • Fabiano Colbano , Ana Waksberg Guerrini

  • Municipality of Rio de Janeiro

  • Brazil

  • March 20, 2022

  • (as of board presentation)

    June 16, 2022

  • February 15, 2023

  • US$ 0.00 million

  • Secretaria de Transporte,Secretaria Municipal de Fazenda e Planejamento

  • Latin America and Caribbean

  • 2022

  • US$ 135.24 million

  • N/A

  • August 16, 2023

  • December 31, 2024

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 135.24

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 135.24
IDA Commitment N/A
IBRD + IDA Commitment 135.24
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Feb 15, 2023 IBRD-94100 Fee Charges 338,095.62
May 15, 2024 IBRD-94100 Loan Repay 3,299,813.20
May 15, 2024 IBRD-94100 Int Charges 4,396,481.50
May 15, 2024 IBRD-94100 Int Charges 26,666.22
Feb 24, 2023 IBRD-94100 Loan Disb 135,238,240.00
May 15, 2023 IBRD-94100 Int Charges 1,609,889.90
Nov 15, 2023 IBRD-94100 Int Charges 1,038,776.90
Nov 15, 2023 IBRD-94100 Loan Repay 3,299,813.20
Nov 15, 2023 IBRD-94100 Int Charges 67,811.06
Jun 16, 2022 IBRD-94100 Loan Commitment 135,238,240.00
Nov 15, 2023 IBRD-94100 Int Charges 3,232,002.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Program Management Satisfactory 2024-06-20
Overall Implementation Progress (IP) Satisfactory 2024-06-20
Monitoring and Evaluation Moderately Satisfactory 2024-06-20
Progress towards achievement of PDO Satisfactory 2024-06-20

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Current savingsValue100.0090.6195.00
    DateDecember 31, 2020December 31, 2022December 31, 2024
    Comment
  • High and medium capacity mass transit stations connected with cyclewaysValue20.0039.0040.00
    DateDecember 31, 2020June 16, 2023December 31, 2024
    Comment
  • LiquidityValue-188.0074.57100.00
    DateDecember 31, 2020December 31, 2022December 31, 2024
    Comment
  • Services sector tax (ISS) revenue in 2024Value6172.006855.006689.00
    DateDecember 31, 2024December 31, 2022December 31, 2024
    Comment
  • Pension ContributionsValue4422.005292.605700.00
    DateDecember 31, 2020December 31, 2022December 31, 2024
    Comment
  • Ridership in the BRT systemValue60400.0072190.0085200.00
    DateDecember 31, 2021December 30, 2022December 31, 2024
    Comment
  • Sexual harassment complaints submitted to the new tracking and response system that are addressed and respondedValue0.000.0075.00
    DateDecember 31, 2020December 31, 2020December 31, 2024
    Comment
  • Monthly bicycle trips in the Low Emission DistrictValue65000.0065000.0085000.00
    DateSeptember 30, 2021September 30, 2021September 30, 2024
    Comment
  • Reduction in GHG emissionsValue0.000.005.00
    DateDecember 31, 2017December 31, 2017December 31, 2024
    Comment