The Brazilian state of Alagoas is set to modernize its fiscal management to strengthen fiscal sustainability with a USD36 million loan from the Inter-American Development Bank, the multilateral lender said in a public statement.

The financing is part of the USD900 million PROFISCO II program, approved in 2017 to support the digital transformation and modernization of fiscal management in Brazil’s states and the Federal District, the IDB said.

The measures supported by the Alagoas’ project include the strengthening of institutional governance and the state treasury secretariat’s adoption of better risk management and human resources models. The project will also finance the digitization of services and processes, as well as the modernization of the ministry’s technological infrastructure.

The project supports IDB’s Vision 2025 strategy, which seeks to strengthen good governance of institutions and digitization to accelerate post-pandemic recovery and promote sustainable and inclusive growth in Bank member countries, IDB said in the statement.