Senate approves loans for Sergipe totaling over R$ 45 million.

Sergipe 247 - Last Tuesday (9), the Federal Senate approved two loans for the State of Sergipe. The first, with the Inter-American Development Bank (IDB), in the amount of 5,7 million dollars, for the Sergipe State Treasury Modernization Project (Promofaz). The second, with the International Fund for Agricultural Development (IFAD), in the amount of R$ 35 million for the Rural Business Development Project for Small Producers (Dom Távora Project).

Senator Antonio Carlos Valadares (PSB-SE) defended the approval of the first loan, explaining that it will be used for infrastructure and modernization of the state of Sergipe's tax administration. "The project seeks to strengthen the state's fiscal management, aiming to increase its own revenue and improve the effectiveness and quality of public spending," he emphasized. The total investment is almost 8 million dollars, with the state contributing 2,1 million dollars.

Regarding the second contract, the parliamentarian explained that the program "aims to contribute to the generation of sustainable employment and income in 15 poor municipalities in the State." Executed by the State Secretariat of Agriculture and Rural Development, the project will promote and support rural businesses and entrepreneurship among approximately 12 poor rural families, with or without land, working in agriculture and/or non-agricultural rural activities, including producers organized in associations and/or groups, to strengthen family farming and reduce poverty in rural areas. The total investment is R$ 62 million, with R$ 35 million financed by IFAD, linked to the UN, and R$ 27 million as a counterpart from the State.