Brazil: Support to New Bolsa Familia Conditional Cash Transfer Program

The objective of the Support to New Bolsa Familia Conditional Cash Transfer Program Project for Brazil is to protect the income of poor families with children from 0 to 6 years of age and mitigate risks that might damage those children’s human capital. The project will support the financing of the BF CCT program for children from 0 to 6 years living in poor families (US299.25 million dollars). The project consists of a single component of benefits, paid to families that have members in specific age groups (0–6 years), who will be complying with human capital conditionalities (health and education). By financing cash transfers in BF, the loan would generally follow the same structure and activities as the latest IPF with the same ministry, which closed in December 2022, ensuring continuity of World Bank support to the program for an additional two years. The loan will start disbursing in the last quarter of 2023 and close in the second quarter 2025 (20 months). The World Bank project implementation support will provide technical assistance (TA) to overcome the overall implementation challenges of the new BF program, including improving the quality of the single registry and better monitoring conditionalities, as the package of services will determine the effectiveness of the project financing.