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BNDES Says Transactions With Odebrecht Caused R$14.6 Billion Losses

RIO DE JANEIRO, BRAZIL - The Brazilian National Development Bank (BNDES), one of the biggest development banks in the world, announced yesterday, September 30th, that the transactions carried out between the institution and the Odebrecht Group, from 2003 to 2018, resulted in existing or potential losses of R$ 14.6 billion (US$3.65 billion).

The information was disclosed by way of a note that, according to BNDES, aims to provide transparency to the bank's . . .

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