IFC to expand its footprint in Brazil's sanitation sector
The International Finance Corporation (IFC), a member of the World Bank Group, is planning to expand its footprint in Brazil's sanitation sector.
"We already have a minority stake in Aegea and we are interested in financing more the water and sanitation sector. In our view this is one of the sectors in which Brazil is a good example of how to make private investment happen," Hector Gomez, the head of IFC operations in Brazil told BNamericas.
According to the executive, the IFC seeks to work as adviser on certain projects involving state run companies, while it is open to provide financing for projects in the area and also considers the acquisition of minority stakes in relevant companies.
Gomez highlighted that, although slow, the role of the private sector in sanitation is expanding and set to gain ground in coming years.
"There is an understanding among the population, public and private sectors, that the participation of the private sector benefits the segment. Slowly, private sector investment in this segment is advancing," said Gomez.
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