If Brazil wants to create a love affair with its infrastructure programme and bring in lots of foreign lolly, it's going about it the wrong way. Valor published a hard-hitting interview from a key foreign investor who slammed the energy concessions. Hurried, with unclear provisions and lacking an element of public consultation are just some of the accusations.
Brazil has a large number of energy concessions due for renewal through 2017 and the government has promised to slash energy tariffs for businesses and consumers. The Children's Investment Fund (notorious or celebrated, depending on your view, for its very active stance on corporate governance) thinks that costs will be made higher. It's a welcome blast of honesty in a debate often stifled thanks to contract-hunting.