Public policy securitization in Belo Horizonte and financialization networks

Abstract

The present article aims to analyze the formation of the coalition that led to urban policy corporatization and to securitization in Belo Horizonte, the first city in Brazil to adopt this type of urban management model. In addition, the article examines the creation of a nationwide network for public policy financialization. The article’s structure is based on the analysis of documents from the state-owned enterprise PBH Ativos S/A and of the roles that certain actors play in the conception, circulation and implementation of this model of public policy. It suggests the existence of a specific form of management based on urban development financed through financial markets.

public policies; urban development; financial capital; securitization