Best Multilateral: Cranking out Champions

Best Multilateral: Cranking out Champions

Brazil

In addition to its day job – providing cheap financing to companies, promoting best practices and corporate governance, as well as financing infrastructure – the multilateral has recently become intimately involved the creation of some of the region’s largest and most important corporations. The bank’s president, Luciano Coutinho, has become increasingly vocal over the past 12 months about the BNDES’s interest in creating “Brazilian champions.” The development bank has a natural connection with several of these entities thanks to BNDESPar, its equity investment arm, which has a portfolio of stakes in 186 companies worth 59 billion reais, according to its la

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