Quoted for Finance, Haddad meets with the World Bank and expects expansion of PPPs

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Probable finance minister in the new government of president-elect Luiz Inácio Lula da Silva, former São Paulo mayor Fernando Haddad had a meeting this Wednesday (7th) with representatives of the World Bank to discuss the organization’s investments in Brazil, which today they reach a portfolio of US$ 5 billion.

“They have a portfolio of projects in Brazil that add up to around US$ 5 billion, something big, in general in the area of ​​PPPs and concessions, a part also in the private sector. So we were very impressed, because PPP is a something that will happen a lot in the next government”, said Haddad, revealing that the next government is interested in increasing these investments.

“We intend to launch a policy of public-private partnerships, especially in the area of ​​infrastructure. And the World Bank has made itself available to continue investing,” he said.

The meeting with the vice-president for Latin America, Carlos Felipe Jaramillo, and the director for Brazil, Johannes Zutt, took place at the request of Lula, who instructed Haddad to talk to World Bank representatives.

After the conversation, Jaramillo told journalists that the intention was to present the World Bank’s portfolio in Brazil to the new government and offer support, especially in four areas: poverty and hunger, preservation of the Amazon and the environment, growth and fiscal policy.

According to Haddad, the new government intends to increase even more the projects financed by the bank in the country, remembering that in the first two mandates the investments would be almost three times the current value.

“The infrastructure area that will define priorities, but as a concept it is important for us to resume, including changing some details of the legislation that today are obstacles that have held back the contracting of partnerships, making it difficult to guarantee the Federal Treasury, sometimes making it difficult for the Union to participate in state and municipal projects, especially states”, defended Haddad. “So I think there is a field for us to reestablish a level of ten years ago.”

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