Levy to Head Brazil’s BNDES in Bolsonaro Administration

Levy has held high-ranking positions in the Cardoso, Lula and Rousseff Administrations and was personally chosen by future Economy Minister, Paulo Guedes.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Economist Joaquim Levy accepted the invitation to preside over Brazil’s Economic and Social Development Bank (BNDES), announced future Economy Minister, Paulo Guedes on Monday.

Last week, newly-elected president, Jair Bolsonaro, stated that one of his first measures as president would be to uncover the bank’s ‘black box'.

"I am committed to start my mandate by opening up the BNDES’ ‘black box’ and revealing to the Brazilian people what has been done with their money in recent years. I believe this is a concern to everyone," Bolsonaro wrote . . .

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