The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Siemens' Kaeser on infrastructure: A man in want of a plan in Brazil

Have the vision. Create the plan. Go and do it.


It’s hard to say whether it was an inspired or terrible booking. But the presence of Joe Kaeser, president and chief executive officer of Siemens, on an infrastructure panel at the World Economic Forum’s Latin America meetings in São Paulo in March was eye-catching.


Joe Kaeser,

His apparent exasperation at being asked questions about how to improve international financing for Brazil’s huge infrastructure needs probably chimed with everyone in the room, as well as leading to the obvious question: what was he expecting from a WEF conference?

Because he was a clearly frustrated panellist; maybe his reserves of patience had been drained by a recent meeting that he mentioned with the Brazil’s president Michel Temer. “We need to not talk so much,” he declared, clearly putting the moderator on the back foot.

Every comment was blunt but to the point. The Brazilian government “lacks vision” and “just needs to develop an integrated infrastructure development plan” (spanning all the relevant ministries) and “abundant” money would come from international investors.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree