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Brazil's state debt crisis: lessons learned (English)

This notes summarizes the chronology of the Brazil state debt crisis and the efforts by the Brazilian government to resolve it. It also describes the World Bank's efforts to assist in this process through state level "adjustment" loans. It concludes with lessons. A technical appendix, detailing the loan conditionality and disbursement mechanism used in the adjustment loans, is attached.
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Dillinger,William R..

Brazil's state debt crisis: lessons learned (English). Country Department 1, Latin America and the Caribbean Region ; LA1 economic notes series no. 14 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/981201468743800265

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