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Tag: BNDES

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - On Tuesday, October 18th, former President Lula took the opportunity to publish an exculpatory diatribe in the São Paulo newspaper A Folha, which he entitled “Why they want to convict me”....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Representatives from the Rio-Galeão consortium, which administers Rio’s Tom Jobim International Airport, admitted it has engaged talks regarding the possibility of new investors entering the group to help pay this...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Development Bank (BNDES) announced on Tuesday (October 11th) it suspended US$4.7 billion worth of overseas contract payments granted to those companies investigated by federal prosecutors in the Lava Jato...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Social and Economic Bank (BNDES) announced on Monday (October 3rd) its plan to expand the financial institution’s support for solar projects, increasing financing from seventy percent to up to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Rio de Janeiro officials, rushing to get everything ready for the 2016 Olympics in August received bad news yesterday from the federal government. The loan to finish the construction of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim government of brazil announced on Tuesday the first economic measures to try to improve the country’s ailing economy, by cutting down spending and reducing Brazil’s public debt. Finance...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - Saturday’s O Globo announced that Rio’s Mayor had sent an email to the IOC saying there’s a real possibility that Line 4, which would link Ipanema to the beginning of Barra...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL - The month of August is known as being difficult for Brazilian Presidents. Getulio Vargas committed suicide in August 1954, and Janio Quadros resigned in August 1961. August 2015 promises to be...
By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Both ex-President Luiz Inácio Lula da Silva and current Speaker of the House of Representatives Eduardo Cunha are being investigated in two different inquiries of the Lava Jato (Carwash)...

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