PPIAF Supports a Water Utility in Brazil’s Frontier Region
The water company owned by the Brazilian state government of Sergipe (“DESO”) had gone through several years of mismanagement when, in early 2007, the state government decided to hire professional managers to run the company. Although the results of the management change were starting to show, the company still did not have access to commercial sources or to local development finance institutions. DESO could not adequately demonstrate the impact of the financial and operational turnaround being implemented to the potential financiers.