World Bank urges Brazil to invest more in infrastructure
5 March 2007 | São Paulo
A recent report by the World Bank encourages Brazil to remove regulatory barriers to private sector investment. The report argues that this has to be done in order to correct the shortfall on investments in infrastructure in the country.
An article in the Financial Times reports that infrastructure investment in Brazil is lower than the World Bank would advise. Currently, infrastructure investments account for 1% of the Gross Domestic Product (GDP) of the country, while the World Bank has said that the rate should be at 3.2% in order to keep the structures and services in operation.
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