BNDES: Corruption guided award huge Amazon dam contracts in Brazil

Posted by Mongabay: None Given on January 12th, 2016
Mongabay: Brazil’s BNDES (Banco Nacional de Desenvolvimento Econômico e Social) is the largest development bank in the world. Its annual disbursements of US$50 billion in 2014 were greater than those of the World Bank and Ex-Im Bank (Export-Import Bank of the United States) taken together. Although the bank has played a key role in Brazil’s development over the decades, its hasty expansion in recent years has created widespread concern that the bank is out of control and causing damage to Brazil’s people and......

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