Brazil Infrastructure: Rethinking BNDES

Brazil Infrastructure: Rethinking BNDES

Brazil Features

Brazil’s national development bank BNDES is scaling back its lending for infrastructure as the country looks at privatizing many existing projects. For a nation that needs so much infrastructure and faces a tough time attracting investment, the strategy is far from guaranteed success. But investors say that a lesser role for BNDES will create more space for private capital. Maria Silvia Bastos Marques, the new head of BNDES, has said the development bank will focus more on structuring projects for private investments. She has also said the bank will sell equity stakes in companies owned by its BNDESPar investment division and coordinate a new wave of privatizations. Bank officials have draf

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