Brasília – Infrastructure was one of the sectors least impacted by Brazilian Development Bank (BNDES) financing cuts. Running counter to the widespread reduction in disbursements expected this year, the sector will get more funds than in previous years, and 5% more than in 2014. So said the BNDES’ Planning, Research and Economic Monitoring director João Carlos Ferraz, who spoke this Friday (16th) during an event of Conselho Empresarial da America Latina (the Latin American Business Council) in Rio de Janeiro.
Ferraz said the increase in disbursements to infrastructure reflects the potential of Brazil’s economy and targets sustained growth with low-risk, competitive opportunities to executives. João Ferraz bets on the domestic market, exports and infrastructure as "drivers of growth” in Brazil. For him, the leveraging of Brazil’s economy is a matter of time. “We must make it through this rough patch, but the opportunities are great,” he told the Latin American executives in attendance, while calling for more private sector involvement in the financing of major projects.
*Translated by Gabriel Pomerancblum
