Inter-American Development Bank Approves $60 Million Loan for Flood Risk Reduction in Goiânia, Brazil
The Inter-American Development Bank (IDB) has approved a $60 million loan aimed at reducing flood risks and enhancing resilience for residents in Goiânia, Brazil. This initiative is part of the IDB Group's 'Ready and Resilient Americas' program and aligns with its 'South Connection' program, which supports connectivity, trade, and sustainable growth in South America. The project will concentrate on the Macambira-Anicuns Basin, an area prone to flooding, and will involve improvements in urban drainage and solid waste management. Approximately 90,000 residents in the basin are expected to directly benefit from these measures. Additionally, nearly 65,000 people will gain access to new parks, green areas, and public spaces, while the city's 1.5 million residents will benefit from expanded early warning system coverage and improved urban drainage management. This is the second project under a Conditional Credit Line for Investment Projects approved by the IDB in 2025, designed to improve socio-environmental, so...