Karina Cardoso
Reporter - Agência Brasil

Brasília - On Tuesday (14), the World Bank approved a US$ 502.5 million loan to the National Treasury, to be used on behalf of Brazilian government policies. Of this total, US$ 4 million will go to technical assistance projects in the housing sector, according to the secretary of Housing, Inês Magalhães. The government will have 17 years to repay the loan.

For Magalhães, this loan reflects recognition of the policies and initiatives implemented by the federal government, such as the National Social Interest Housing Fund (FNHIS), sanctioned yesterday (16) by President Luiz Inácio Lula da Silva. She affirms that the funds will help with the measures to reformulate and regulate these programs.

Translation: David Silberstein