Fortaleza Urban and Fiscal Sustainability Development Policy Loan (WB-P512540)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Fortaleza
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
Jul 31, 2026
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
Municipality of Fortaleza
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
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)
$ 177.19 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)
$ 177.19 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)
$ 177.19 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 Dec 10, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 development objective is to promote urban and fiscal sustainability in the municipality of Fortaleza.

The development objective of the Fortaleza Urban and Fiscal Sustainability Development Policy Loan for Brazil is to promote urban and fiscal sustainability in the municipality of Fortaleza. The operation supports policy and institutional reforms in two areas of work: first, strengthening fiscal sustainability through modernization of the urban property tax cadaster and valuation to increase property tax revenues, revision of the street lighting fee structure to enhance cost recovery and enable investment in public lighting and security surveillance while incentivizing energy efficiency, and automatic expenditure control measures tied to the current savings indicator to safeguard fiscal discipline; and second, promoting sustainable urban development by updating the Master Plan and zoning to foster compact, transit-oriented growth, expand environmental protection areas, and reserve well-located land for social housing, strengthening climate governance via the Office of Climate Governance and a permanent Climate Risk Observatory, and reforming the municipal urban development fund to diversify resources and establish a minimum allocation for social housing. The project intends to improve revenue mobilization and the current savings ratio, raise public lighting service revenue and crowd in private capital for lighting and traffic systems, expand landscapes under enhanced conservation, increase land reserved for social housing, accelerate tree planting in heat hot spots to reduce surface temperatures, and deliver tangible upgrades in housing quality and secure land tenure, including land titles with a significant share issued to women. The reforms are aligned with the Country Partnership Framework and the Paris Agreement, and implementation will be monitored by the municipal finance and urban environment secretariats.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CONTACT POINT

World Bank
Hannah Kim
Senior Urban Specialist

Cornelius Fleischhaker
Senior Economist

Borrower/Client/Recipient
Municipality of Fortaleza

Implementing Agencies
Fortaleza Secretariat of Finance
Fortaleza Urban and Environment Secretariat

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

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