(Reuters) -The Inter-American Development Bank (IDB) approved a conditional credit line of $2 billion to strengthen fiscal management in Brazil, it said on Friday.
The funds will go toward modernizing the South American nation’s tax management processes and systems, the lender said in a statement, starting with an initial $30 million loan for the state of Amazonas.
(Reporting by Kylie Madry, Editing by Natalia Siniawski)
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