BNDES Helped Save the Olympics. But Is It Hurting Brazil?
BNDES Helped Save the Olympics. But Is It Hurting Brazil?
By
Olivia Arguinzoni
The new president of Brazil’s national development bank is embracing much-needed reforms, but she’s working under the clock.
New leadership atop Brazil’s massive national development bank is unwinding a decade of rampant lending that fed large conglomerates and strained the country’s finances.
Over the past half-century, Brazil’s Banco Nacional de Desenvolvimento Economico e Social (BNDES) built huge power plants and highways through the industrial southeast, aided social programs in the drought-ridden...
Read this article on the Americas Quarterly website. | Subscribe to AQ.
