The Initiative for the Regional Integration of South American infrastructure and the role of BNDES in supporting infrastructure development

Abstract

This work aims to analyze the South American regional integration proposed by IIRSA from the perspective of financing of infrastructure projects and the role of BNDES for the development of regional integration since the year 2000. In this respect, as will be proven in the course of this work IIRSA in his act foundational adopted a financial framework for the implementation of infrastructure that connects South America. On the other part, the Statute of the BNDES is a development bank that is the main instrument implementation of the investment policy of the Federal Government with the primary aim of supporting programs, projects, works and services related to the economic and social development of the country. Therefore, it is important to assess whether there BNDES performance in the financial support for the development of IIRSA infrastructure projects. To this end the methodology adopted is hypothetical-deductive and the main sources of data were obtained on the website of IIRSA, the BNDES and technical literature dealing on the subject.