Unravelling Brazilian privatization mysteries?

Is Dilma privatizing vast swathes or the economy, or is she not? The messaging is confused. A useful article from Reuters draws together some of the commentary being published in Brazil to explain why Dilma is taking such as schizophrenic attitude towards the private sector and infrastructure.

Elsewhere there are interesting changes afoot in the fiscal structure for financing new infrastructure. New monetary changes will now allow the various banks in Brazil to issue Letras Financeiras, which are medium and long-term debts below current market rates. These financial instruments are intended for financing public-private-partnership style infrastructure development and outright private infrastructure ventures.

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Filed under Brazil, Development, News brief

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