Rachel Glickhouse’s Contributions
During the final portion of the panel on opportunities and challenges of infrastructure in Brazil’s northeast, José Sydrião, director of Management Development at the Bank of the Northeast, spoke about projected levels of investment in infrastructure projects in the region and, like the previous panelists, Sydrião enumerated the reasons behind the northeast’s economic boom, including the availability of credit for small businesses and the success of conditional cash transfer programs.
Geraldo Júlio de Mello, secretary of economic development of Pernambuco, and João Batista do Carmo Aquino, corporate director of the Abreu e Lima Refinery, discussed Pernambuco’s economic expansion, the state of current infrastructure projects in the northeast, and current and upcoming projects in the state.
Henrique Sampaio, director of financing and project recovery at the Ministry of National Integration, spoke during the first section of the Recife infrastructure and development conference.
“In the past, the northeast of Brazil represented the ‘Brazilian problem,’” said Sampaio. Poverty and underdevelopment marked the region, but this scenario has changed, leading to a “land of opportunities.” He named three factors responsible for the rapid growth of the northeast:
AS/COA’s Recife conference on February 8 closed with a panel discussion comparing public and private sector investments in infrastructure in Latin America and Asia. The AS/COA Online web team live tweeted the panel and Twitter highlights are included below.