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Assessing state creditworthiness in Brazil (Английский)

This note describes how the Bank should assess state creditworthiness in Brazil. The Bank is assessing creditworthiness in response to the federal government's request that we cease lending to states that are likely to default and resort to federal guarantees. As a development institution, the Bank is interested in projects that have high economic rates of return and serve as a basis for policy reform, as well as in ensuring that the state can meet...
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