Brazil, Sept. 23 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved approximately $267 million in combined financing for the Brazilian states of São Paulo and Rio Grande do Sul to strengthen revenue administration and improve public expenditure management. The operations, which include the Bank's first financing in Brazil denominated in Brazilian reais, will help states implement Brazil's landmark tax reform through digital transformation, artificial intelligence, data analytics, and innovative fiscal management tools.The financing is part of the third phase of the Fiscal Management Modernization Program (Profisco III), implemented in coordination with the Brazilian federal government. The program ...