IDB provided financing to Brazil for its digital transformation

The Inter-American Development Bank granted the nation led by Jair Bolsonaro a line of credit that will help them have better Internet connectivity, among other things

The Inter-American Development Bank (IDB) granted Brazil a credit line of up to 1,000 million dollars to promote digital transformation in the South American country through better connectivity, the adoption of new technologies by the private sector, the training of digital talent and the modernization and improvement of public services.

This financing will be granted through a conditional line of credit for investment projects (Cclip), which will be available through three resource allocation channels: federal government agencies, state or municipal governments, and national or regional development banks.

The objective of the initiative will be to contribute to a better digital infrastructure to improve both the coverage and the quality of broadband services, as well as the creation of data centers and the improvement of international connectivity, to turn Brazil into a  inclusive digital regional hub.

Likewise, the action aims to promote the development, financing, adoption and use of digital technologies in the productive sector and the population, including the promotion of new digital technologies.

Other objective pursued by the initiative is to reduce the bureaucratization of services in public institutions to contribute to greater efficiency and transparency in public management.

The Brazilian State of Ceará will be the first state to benefit from financing with a 28 million dollar loan under the Digital Government axis, dedicated to implementing the digital transformation of the Judiciary sector, increasing its efficiency and user satisfaction.

This program will help improve productivity in the provision of services and the effectiveness of the management of the Court of Justice of the State of Ceará (ECJ).

K. Tovar

Source: dpa

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