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How Brazil’s BNDES Used Project Finance to Fund the 2014 FIFA World Cup, Part 2

S&P evaluates how the Brazil is innovating project finance to fund its mega-projects.  In a previous article, we reported on a recent study by S&P on how Brazil’s  Banco Nacional de Desenvolvimento Económico e Social (BNDES) is using Public Private Partnerships (PPPs) to build infrastructure in the country – especially for this past summer’s World Cup, and the upcoming 2016 Olympic Games in Rio de Janeiro. While that article focused on the mechanisms and risks associated with the financing of the projects in general, this article takes into account two specific projects as case studies for how this financing is […]
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