November 1, 2009
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 regions largest and most important corporations. The banks president, Luciano Coutinho, has become increasingly vocal over the past 12 months about the BNDESs 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
The BNDES has in the past two years ascended to a new role in the Brazilian economy.