The Brazilian infrastructure sector is witnessing a significant shift. Private credit has taken the lead, outpacing the Brazilian Development Bank (BNDES) by three times in funding. From January to September 2024, BNDES disbursed R$30.7 billion ($5.1 billion), while incentivized debentures raised R$96.1 billion ($16.0 billion), a 213% increase. High interest rates, disappointing multi-market fund performance, […]
