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By Melissa Van Brunnersum, Contributing Reporter RIO DE JANEIRO, BRAZIL – AgeRio released survey results last month indicating that between 2013 and 2017, the state development agency provided loans worth R$56 million for thirty projects to promote innovation and economic...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Ministerio Publico Federal (Federal Prosecutor’s Office) in Brazil launched an investigation on Friday (May 12th) into irregular loans made by Brazilian Development Bank, BNDES, to the largest meat packing...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (January 26th) the state of Rio de Janeiro signed a term of commitment to receive financial relief from the federal government. To remedy a deficit that should reach R$26,132...
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 – In a surprise move, suspended President Dilma Rousseff announced Tuesday through a social media account that she would not attend Wednesday’s Senate committee hearing examining arguments for her impeachment. Rousseff...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The first witnesses for the prosecution took the stand on Wednesday (June 8th) in the impeachment trial of Brazilian President Dilma Rousseff. The witnesses, speaking before Brazilian senators, stated that...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government announced on Thursday measures to boost production and recover the country’s growth, including a credit injection of R$83 billion (US$20.4 billion) into the economy. Among the measures...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With time running out, government officials in Brazil scramble to get the tough fiscal measures approved by Congress. Finance Minister, Joaquim Levy, is one of the most active members of...
By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – On Monday, November 11th the Banco Nacional de Desenvolvimento Econômico e Social (The National Bank for Economic and Social Development), better known as BNDES, announced that it, in association...
By Kate Rintoul, Contributing Reporter RIO DE JANEIRO, BRAZIL — While some small businesses are struggling as Brazil’s economy falters, one of the country’s biggest banks, Bradesco has launched a credit package of up to R$10 billion for new loans...
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