Bolsonaro: Privatizing is not about ‘the highest bidder takes the most’; it is a complex process
President Jair Bolsonaro tried to defend himself from criticism over the lack of privatizations under his government and, in a...
February 26, 2021Topic
BNDES
Brazil’s BNDES closes out its stake in mining giant Vale SA
Brazilian development bank BNDES has closed out its stake in miner Vale SA, selling 188.5 million shares and raising around...
February 24, 2021
BNDES to Donate R$50 Million to Rebuild National Museum in Rio de Janeiro
Gustavo Henrique Montezano, president of BNDES (National Bank for Economic and Social Development), determined that the bank will donate R$50...
December 12, 2020
Brazil Announces R$500 Million Credit Line to Truckers to Avoid Strike
Brazil’s Development Bank (BNDES) announced it is opening up a R$500 million credit line for independent truckers while the federal...
April 17, 2019
Brazil Looks at Lotteries, Private Sector to Finance Public Security
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President, Michel Temer, is expected to sanction on...
December 12, 2018
Levy to Head Brazil’s BNDES in Bolsonaro Administration
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Economist Joaquim Levy accepted the invitation to preside over...
November 13, 2018
Brazil May Disburse R$1 Billion for Military Intervention in Rio
Funds to finance the military intervention in Rio has been one of the main issues discussed by both Armed Forces...
March 19, 2018
Brazil’s BNDES Criticizes Courts Over Lava Jato Graft Case
BNDES President says companies involved in corruption scandal have halted important projects and hindered entire sectors of the economy.
August 15, 2017
Brazil Hit by Heavy Rains and Flooding in Northeast and South
Brazil’s President Michel Temer flew over some of the flooded areas and pledged federal aid for the affected areas.
May 30, 2017