70869

             Republic of Brazil: Bahia Socio Economic Development for
                    Inclusive Growth Development Policy Loan

                            SUMMARY OF DISCUSSION

                          Meeting of the Executive Directors

                                      June 28, 2012


       The Executive Directors approved a Brazil - Bahia Socio Economic Development
for Inclusive Growth Development Policy Loan to the State of Bahia, Brazil in the
amount of US$700 million on the payment terms and conditions set out in the President’s
Memorandum (R2012-0128).

        Directors expressed broad support for the DPL, which is aligned with and closely
linked to the objectives of the Brazil CPS, 2012-2015. Directors highlighted the
importance of addressing the main challenge of the implementation capacity of the State
given the two tranche design and the breadth of the reform areas supported. Directors
also welcomed efforts in the program to support mainstreaming of gender and to address
issues that affect crime and violence. The need to engage closely with authorities was
emphasized.





This summary is not an approved record.