Brazil’s privatization process has stepped up a powerful gear. A mainly federal programme last year, it has now been joined with gusto by the state governments which are putting their own huge assets on the block. Behind them, the municipalities are planning sell-offs too in such sectors as water supply and sewage treatment.
The fact that privatization has been very much taken on board by the individual states and municipalities, despite opposition from such groups as the trade unions, is due in part to aggressive promotion by the federal development bank, Banco Nacional de Desenvolvimento Economico e Social (BNDES).
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