BNDES still dwarfing capital markets in infrastructure financing

BNDES still dwarfing capital markets in infrastructure financing

http://www.valor.com.br/international/news/5347657/bndes-still-dwarfing-capital-markets-infrastructure-financing

Very few Brazilian infrastructure investments find financing through capital markets. The situation has dragged on for years and persists even after companies restarted issuing bonds and the Brazilian Development Bank (BNDES) begun downsizing.