The Inter-American Development Bank (IDB) has approved a US$280M loan to finance the third phase of a project that will improve the living conditions of low-income residents of the Brazilian city of Manaus through urban, social and environmental improvements.
According to an IDB press release on Wednesday, the Amazonas State Government will contribute an additional US$120M to this phase of the project, known as Prosamim (Programa Social e Ambiental dos Igarapés de Manaus), bringing the total investment in this new stage to US$400M.
Prosamin was launched in 2006 with the
