A special report in the Financial Times on May 6 highlighted Brazil's huge infrastructure needs, especially as the country prepares to host the World Cup and the Olympics later this decade. Traditionally, the Brazilian development bank, known as BNDES, has played a central role in infrastructure financing, with some critics charging that the publicly owned bank crowds out private financing. Does Brazil's current infrastructure push leave enough room for both public and private sources of financing? What are the positives and negatives of BNDES playing such a large role in infrastructure finance?

Full Story....

Posted by mopeng at May 28, 2010 9:47 PM