End of preview - This article contains approximately 721 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Brazil & Southern Cone - June 2015 (ISSN 1741-4431)
POLITICS: Under scrutiny, BNDES president promises transparency
Brazil’s state development bank, Banco Nacional de Desenvolvimento Econômico e Social (BNDES), has a larger loan portfolio than the World Bank, but has never been audited since its creation in 1952. Since 2007, the bank’s total assets have grown fourfold, reaching R$814bn in June 2014. In 2013 alone, it disbursed around R$190bn, a figure higher than the annual output of Uruguay. But in the wake of the Petrobras scandal, the bank is under unprecedented scrutiny.
- Corruption and narcopolitics scandals rock Paraguay
- POLITICS: Primary season continues as presidential race shapes up
- POLITICS: Bachelet’s popularity tanks
- DIPLOMACY: Stengthening ties with China
- ECONOMIC OVERVIEW
- POLITICS: Colorados in tailspin
- POLITICS: Under scrutiny, BNDES president promises transparency
- POLITICS: Tensions flare once more between the PT and PMDB
- ECONOMY: Finance Minister Joaquim Levy is under political pressure to deliver a recovery
- Marches against femicide sweep across Argentina