BNDES considers its role after COVID-19

BNDES considers its role after COVID-19

Gustavo Montezano was named CEO of national development bank BNDES in June 2019 on the back of two promises: to implement an aggressive privatization agenda and shift the bank’s focus from large companies to small and medium-sized enterprises (SMEs). “When I joined the bank in 2019, our agenda was to diversify BNDES in terms of products and services, de-leverage the equity hedge funds that we have in our portfolio, and to focus the bank on the social, environmental, and economic development of Brazil,” said Montezano during a telephone interview with LatinFinance in late November. Eight months later, the former deputy special secretary for privatization at the Ministry of Economy faced a cri

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