IFC plans to invest $6.4bn in Brazilian water and sewage sector

The International Finance Corporation (IFC), World Bank’s investment arm in the private sector, plans to allocate $6.4 billion to Brazil in fiscal years 2021 to 2023. Water and sewage projects will be the agency’s main focus, in the wake of the regulatory framework approved last year and the pandemic. “It is the priority of the priorities,” says Carlos Leiria Pinto, who took over the bank’s Brazilian office in May. The Brazilian Economy Ministry believes the water and sewage sector has the potential to attract around R$700 billion in investments thanks to regulatory changes.

Source: Valor International