January 7, 2019 |
Brazil’s development bank BNDES is expected to partly shift its focus away from energy lending to boost financing for railway, ports and airport projects as President Jair Bolsonaro’s looks to improve the country's anemic infrastructure.
“BNDES will continue to have a role in energy but I think this will be diminished,” said Pedro Seraphim, the head of Sao Paulo-based law firm Tozzini Freire. Brazil “has bigger needs in railroads, ports and all sorts of logistic assets so I think the bank will p
Some observers say the development bank will look to boost financing for railway, ports and airport projects