世界银行：2025年巴西基础设施项目的稳健担保体系报告（英文版）

Diversifying guarantee mechanisms in Brazil is essential for attracting private investment in infrastructure. Strong guarantees enhance legal security and reduce perceived risk, making it easier for new investors and international financiers to enter the market. This, in turn, promotes competition and lowers financing costs. Given the limited fiscal capacity of public entities to provide budgetary guarantees, adopting innovative risk mitigation solutions becomes crucial for enabling projects