Best Practices in PPP Financing Latin America - e-Institute - World ...

Best practices in Public-Private Partnerships financing in Latin America
Third Session:
Regulation of pension funds and financing of
infrastructure.
Headed by
RUI MONTEIRO, Senior Public-Private Partnerships
Specialist, World Bank Institute
DAY 1
Panel Members
JAIME MARIZ, Chief of Cabinet, Previdência
Complementar, Brazil
LUIS FIGUEROA DE LA BARRA, Director of Regulation,
Pension Fund Regulatory Agency, Chile
JUAN PABLO ARANGO, Director, Finance Agency,
Colombia
LORENA MASÍAS, Director, Agency of Banking, Insurance
and Pension Funds, Peru
PEDRO ORDORICA, President, National Commission for
the Pension System (CONSAR), México
During the course of this session, different regulation regimes
of Pension Funds in Brazil, Chile, Peru and Mexico were
presented. The operation and impact of these regimes on
investment decisions of Pension Funds, particularly in the
infrastructure sector, was duly explained.
Brazil
The representative of Brazil, Jaime Mariz, pointed out that
the country is experiencing significant transformations and
challenges associated with commitments made to reduce
poverty. In this sense, the Government of Brazil is aware
that infrastructure improvements will positively impact
competitiveness and job creation. Thus there is significant
participation of Pension Funds in the Infrastructure sector.
In Brazil pension funds invest 17% of Brazil’s GDP. Mariz
pointed out that these entities are the major investors in the
infrastructure sector; these are institutional investors, willing to
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