Ample Space for Private Financing: Coutinho

Ample Space for Private Financing: Coutinho

Bonds Structured Finance Brazil

There will be plenty of room for private sources to fund a coming “big wave” of infrastructure investment in Brazil alongside BNDES, Luciano Coutinho, the state development bank’s president, tells LatinFinance. “The main hindrance for the big participation of private forces in long-term finance was the very high short-term interest rates in Brazil. Turning this page was the big novelty. This idea that the BNDES is ‘crowding out’ usually comes from economists that do not know how the market works

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