March 1, 1999
From LatinFinance, Number 105
by Jennifer L. Rich
Last year’s scandal surrounding Brazil’s National Development Bank is making some wonder whether it can still successfully lead Brazil’s privatization process.
Scandals can soon dull the shine on even the most glorious of achievements. Just ask officials at Brazil’s National Development Bank (BNDES), the institution in charge of a privatization process that brought in a whopping $37.3 billion last year.
The bank’s glory lies not only in the size of privatization proceeds raised in 1998—a figure which is not much less than the $48 billion garnered through
Last year's scandal surrounding Brazil's National Development Bank is making some wonder whether it can still successfully lead Brazil's privatization process