Tarcisio: So that idea that Brazil structured projects poorly is now behind us.
Tarcisio: Today we structure very high-quality projects and projects that mitigate a number of risks.
We are mitigating demand risk, sharing that risk with the private sector, we're sharing exchange-rate risk.
Tarcisio: We learned to develop a good framework; we've improved regulation a lot.
Tarcisio: Regulation here in the State of São Paulo is an example.