O financiamento a infra-estrutura e a retomada do crescimento economico sustentado

In: Brazilian journal of political economy: Revista de economia política, Band 16, Heft 3, S. 5-19

Abstract

Unlike previous growth cycles in Brazil, the new one that will complete the Real stabilization plan can no longer count on the state as the main financier and undertaker of the infrastructure investments. This represents a world trend, that originated the "project finance", a way to finance heavy investments designed to make possible the private/public partnership. In Brazil, the law that regulates concessions to the private sector has been enacted and the privatization program has been accelerated. A new proposal for the BNDES system - an insurance against the macroeconomic risk in credit operations - is laid out. This proposal aims at building a long term credit market in Brazil. (Rev Econ Polit/DÜI)