Since Gustavo Montezano, president of BNDES, took over at the state-owned development bank in 2019, it has been evolving its role from a central provider of funding for the country’s infrastructure projects to an advisory role that brings in private finance.
One of the key reforms was the introduction of non-recourse financing in Brazil, which made project finance attractive for international companies. The bank is working with the Brazilian government to improve the financial environment for foreign investment in the country’s expanding infrastructure industry.
Thanks for your interest in Euromoney!
To unlock this article:
