Our partners Francisco da Costa e Silva, Thiago Araújo, and André Uryn published an article in Agência iNFRA entitled "External financing by BNDES - problem or solution for Brazil?".

In the text they question the thesis that the infrastructure deficit in Brazil is a direct consequence of exports of engineering goods and services abroad.

"The issue has always raised intense debate due to fallacious arguments in the sense of favoring the development of projects abroad to the detriment of investments in Brazil, besides the consequences related to the default of exporting countries", they point out in the text.

To read the full article, go to here.