BR State of Piaui Strengthening Fiscal Sustainability and Fostering Sustainable Economic Development (WB-P509756)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Piaui
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 16, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
State of Piaui
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 390.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 390.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 390.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 21, 2026

Disclosed by Bank May 3, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the WB, the objective of the Brazilian (BR) State of Piaui Strengthening Fiscal Sustainability and Fostering Sustainable Economic Development Policy Loan Program is to support reforms in the State of Piaui by (i) strengthening fiscal sustainability and the quality of public expenditure, and (ii) promoting private sector participation in water and land resource management for sustainable economic development. The first pillar aims to enhance fiscal management by implementing controls on current spending, increasing procurement efficiency, and improving the management of climate-friendly public investments. The second pillar focuses on creating an enabling environment for private sector-led management of natural resources, specifically water and land, to promote sustainable development. This will be achieved by strengthening the financial autonomy of the water and sanitation state regulator to enhance regulatory certainty and promote private investment; improving the raw water charging system to encourage efficient use; and digitizing the land tenure regularization system to improve land security and support sustainable agriculture growth. This DPF is part of a broader World Bank (WB) initiative to bolster fiscal and environmental sustainability and resilience in Brazil, aligning with the Green, Resilient, and Inclusive Development (GRID) approach. The measures are expected to yield significant fiscal gains, improve service delivery in water and sanitation, and streamline the land tenure regularization process. By 2026, current savings are projected to reach the equivalent of 8 percent of revenues, supported by improved public expenditure management. At least 60 percent of new public investment projects are expected to undergo cost-benefit analysis, and public procurement is set to become more competitive. In the water sector, reforms aim to mobilize greater investment and expand access for poor women, while doubling the volume of raw water subject to usage fees. Finally, the digitalization of land tenure regularization is expected to significantly accelerate processing times, reducing the duration from 90 to 30 days.

Investment Description
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Contact Information
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World Bank

Luigi Butron Calderon
Economist
Mariana Iootty De Paiva Dias
Senior Economist

Borrower/Client/Recipient
Government of Piauí

Implementing Agencies
Secretariat of Finance
Emílio Joaquim De Oliveira Júnior
Secretary of Finance
emiliojj@sefaz.pi.gov.br

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works