Attracting private investments for infrastructure in Brazil

Abstract This study sought to identify the main drivers of and barriers attracting capital market investments infrastructure sector in Brazil. The research findings indicate that incentives vary according type investor. Individual investors are strongly attracted by tax exemption provided for Statute 1,2431/2011 purchase incentivized debentures, and, today, they represent one country. On other hand, domestic pension funds have no based on this piece legislation (their exempt from income tax). For these funds, spread paid issuers debentures is low. Foreign consider investment environment country be unfavorable due factors such as high exchange rate volatility political instability. Therefore, broader institutional reforms needed fill gap attract long-term investors. Green certification projects represents another interesting strategy investments, especially foreign