Infrastructure x Pension Funds

Infrastructure and pension funds in Brazil, test indicated by Ernesto Dos Santos. “The government has been trying to increase investments in infrastructure, but important fiscal restrictions prevent the public sector from directly investing in infrastructure, and at the same time, legal uncertainties and other distortions inhibit private investments. Pension funds allocate around 21% of their portfolio (3% of GDP) to the infrastructure sector, but no more than 1% of their resources are channelized into the sector through direct investments in infrastructure projects/funds.”