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Tag: BNDES

RIO DE JANEIRO, BRAZIL - The president was referring to the bill to privatize the Correios, submitted to Congress on Wednesday, February 24th. President Jair Bolsonaro tried to defend himself from criticism over the lack of privatizations under his government...
RIO DE JANEIRO, BRAZIL - Brazilian development bank BNDES has closed out its stake in mining giant Vale SA, selling 188.5 million shares and raising around R$11 billion (US$2 billion), the bank confirmed in a statement on Tuesday, February...
RIO DE JANEIRO, BRAZIL - Gustavo Henrique Montezano, president of BNDES (National Bank for Economic and Social Development), determined that the bank will donate R$50 million to rebuild the National Museum located in the Quinta da Boa Vista park...
By Dorah Feliciano, Contributing Reporter BRASILIA, BRAZIL – The Brazilian Development Bank (BNDES) announced it is opening up a R$500 million credit line for independent truckers while the federal government declared it will invest R$2 billion for the construction, repair,...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President, Michel Temer, is expected to sanction on Wednesday a law that will allow the government to use revenues from public lotteries for public security programs. The government...
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...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The federal government in Brazil agreed to disburse extra funds for security agents in Rio de Janeiro during the military intervention in the state’s public security system, according to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The president of Brazil’s Development Bank (BNDES) criticized judicial decisions handed down to companies investigated in the Lava Jato (Car Wash) corruption scandal on Monday, stating that they lack an...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Heavy rains registered in the last few days in both the Northeastern and Southern regions of the country have left tens of thousands homeless and at least seven dead, according...

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