Infrastructure finance: Brazil faces up to infrastructure gaps

Infrastructure financing has become synonymous with Brazilian president Lula’s second-term government. As the country enters the first stage of its largest ever hydroelectric project there is a growing demand for funds that the local market is struggling to source. Chloe Hayward reports from São Paulo.

LULA WAS INDIGNANT: “We can’t do this project because of a catfish?” When Brazil’s president, Luiz Inacio Lula da Silva, first announced plans to construct the country’s largest hydroelectric power hub, on the Madeira river, the environmentalists put a spanner in the works. Their primary concern was the dourada catfish that migrate up the river each year. But as the president vented his anger at how the catfish could scupper his plans, it was the financiers who put another catfish in the works.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access