Brazil to Boost Infrastructure Financing to $4 Billion
- Development bank is mostly buying local infrastructure bonds
- Plan is to encourage private investors to join in debt offers
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Brazil’s development bank BNDES plans to provide 20 billion reais ($4.1 billion) in funds for infrastructure projects this year, two-thirds more than in 2022 and mostly through the purchase of local debt issued by companies that invest in the sector.
The strategy is aimed at encouraging private investors to join in the purchase of infrastructure bonds, increasing the impact of financing by BNDES, according to Felipe Borim Villen, deputy managing director of infrastructure at the bank.