Some confusion surrounds who is financing the new deep-sea port on the coast of Rocha in Uruguay, with a statement from the Brazilian Development Bank (BNDES) denying that it was intent on providing finance.
In a statement, the bank said: “The bank is not considering any financing request for a port in the coast of Rocha, in Uruguay. All financing which demands export of Brazilian goods and services must be done following Camex, Foreign Commerce Chamber policies and abide by rigorous criteria [which are] in the best interests of the country[Brazil].”
However, the Rio do Janeiro daily newspaper, O’Globo, has reported that back in September 2012, Uruguayan authorities received the “political support” and “the promise” that the ambitious project was to be financed by Brazil
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