World Bank provides USD 125 mn in emergency support to flood-hit Brazil
May 12, 2024
In addition, the institution is talking to the federal, state and municipal governments and the Regional Development Bank of the Far South (BRDE) about making new resources available on an accelerated basis. These resources will be used to finance recovery and provide technical assistance in structuring what is being called a "Marshall Plan" for rebuilding the state, including developing urban resilience and flood mitigation structures.