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Dilma Rousseff, then a presidential candidate, at the launch of PAC in Brasilia March 29 |
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Most estimates of the size of the investment required in Brazilian infrastructure are between $100 billion to $130 billion annually over the next 10 years. Federal investment bank BNDES will continue to be the main source of finance, along with other state-owned entities such as Caixa Econômica Federal, Banco do Brasil and Banco do Nordeste. BNDES had total assets of R$472 billion ($281.6
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