Brazil has been successfully attracting foreign investors from all over the world to game-changing infrastructure and energy projects. The pipeline of projects ahead presents even greater opportunities, including in hot sectors such as energy transition, toll roads, water and sanitation, and digital infrastructure, among others. Recognizing the need to attract more capital to these projects, local legislation has been passed to offer tax full exemption on certain cross-border project bonds.
The Federal Government of Brazil has also launched Eco Invest Brasil, an initiative aimed at making cross-border financing and investments even more attractive by reducing costs of Brazilian-eligible projects (blended finance) and helping to mitigate FX risks (liquidity and hedge facilities).
To examine these opportunities, the Brazilian-American Chamber of Commerce, in partnership with Machado Meyer Advogados and Latham & Watkins LLP, has gathered top representatives of Tesouro Nacional (the National Treasury of Brazil), Programa de Parcerias de Investimentos – PPI (Investment Partnership Program), the Inter-American Development Bank (IDB), financial institutions, and world-class investors, who discussed recent developments and new trends in infrastructure and energy projects in Brazil.
PANEL I – Overview of Investment Opportunities in the Brazilian Infrastructure and Energy Markets
Moderators:
Gianluca Bacchiocchi, Partner, Latham & Watkins LLP
Alberto Faro, Partner, Machado Meyer Advogados
Speakers:
Alexandre Carneiro, Special Advisor, Investment Partnership Program (PPI) – Brazilian Government (via Zoom)
Jeff Ferry, Board Member, Elea Data Centers
Fabio Kono, Special Advisor to the Board of Directors, BNDES
Pedro Frade Rodrigues, Managing Director, Banco Itaú
PANEL II – New Developments in Cross-Border Financing of Infrastructure and Energy Projects in Brazil, and Q&A
Moderators:
Pedro Rufino Carvalho, Partner, Latham & Watkins LLP
José Virgílio Enei, Partner, Machado Meyer
Speakers:
Luiz Henrique Alcoforado, Deputy Attorney General for Fiscal and Financial Affairs, Procuradoria-Geral da Fazenda Nacional (National Treasury Attorney General’s Office)
Mario Gouvea, Advisory Chief, Secretaria do Tesouro Nacional (National Treasury of Brazil)
Orlando de Souza Lima, Financial Markets Specialist, Inter-American Development Bank (IDB)
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