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BNDES
The National Bank for Economic and Social Development ( pt, Banco Nacional de Desenvolvimento Econômico e Social, abbreviated: BNDES) is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world (after the Chinese Development Bank, which boasts assets of around RMB 7.52 trillion, or around $1.2 tn). Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%. Among the objectives of BNDES are the strengthening of the capital structure of private companies, the development of capital markets, the trading of machines and equipment and the financing of exports. Since its establishment on June 20, 1952, BNDES has financed large-scale industrial and infrastructure endeavors and has played a significant role in the suppor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNDES Building
The National Bank for Economic and Social Development ( pt, Banco Nacional de Desenvolvimento Econômico e Social, abbreviated: BNDES) is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil. The stated goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is one of the largest development banks in the world (after the Chinese Development Bank, which boasts assets of around RMB 7.52 trillion, or around $1.2 tn). Its non-performing loan ratio is also less favorable (2.2%) compared to the CDB's that stands below 1%. Among the objectives of BNDES are the strengthening of the capital structure of private companies, the development of capital markets, the trading of machines and equipment and the financing of exports. Since its establishment on June 20, 1952, BNDES has financed large-scale industrial and infrastructure endeavors and has played a significant role in the support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gustavo Montezano
Gustavo Henrique Moreira Montezano is a Brazilian economist and businessman who served as the president of the BNDES, Brazilian Social and Economic Development Bank from 2019 to 2023. Early life He earned a Master of Economics at Ibmec, Ibmec University and Bachelor of Engineering at Instituto Militar de Engenharia, The Instituto Militar de Engenharia. Career He was a partner of BTG Pactual, Banco Pactual, for which he acted as Executive Director for commodities and previously was responsible for the credit area, re-insurance, and project finance. He started his career as an analyst of Banco Opportunity in Rio de Janeiro. Presidency of BNDES Joaquim Levy resigned on 16 June 2019, because of a controversy involving President Jair Bolsonaro and the nominee for Director of Capital Markets, Marcos Barbosa Pinto. Marcos Barbosa Pinto was the chief of staff for Demian Fiocca, President of BNDES during the Luis Inácio Lula da Silva administration. He was invited to serve as presiden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belo Monte Dam
The Belo Monte Dam (''formerly known as'' Kararaô) is a hydroelectric dam complex on the northern part of the Xingu River in the state of Pará, Brazil. After its completion, with the installation of its 18th turbine, in November 2019, the installed capacity of the dam complex is 11,233 megawatts (MW), which makes it the second largest hydroelectric dam complex in Brazil and the fifth largest in the world by installed capacity, behind the Three Gorges Dam, Baihetan Dam and the Xiluodu Dam in China and the Brazilian-Paraguayan Itaipu Dam. Considering the oscillations of flow river, guaranteed minimum capacity generation from the Belo Monte Dam would measure 4,571 MW, 39% of its maximum capacity. Brazil's rapid economic growth over the last decade has provoked a huge demand for new and stable sources of energy, especially to supply its growing industries. In Brazil, hydroelectric power plants produce over 85% of the electrical energy. The Government has decided to cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EBX Group
EBX Group is a conglomerate that comprises six companies listed in BOVESPA’s Novo Mercado, including: OGX, MMX, OSX, and CCX, founded and formerly controlled by Brazilian businessman Eike Batista, the chairman of the EBX Group, who was, in 2018, convicted for corruption Between 2011 and 2012, EBX Group invested US$ 15.7 billion and partnered with General Electric, following a partnership that claimed to generate 20,000 jobs in the construction and operation of its enterprises. The group primarily invests in the sectors of infrastructure and natural resources. It also had initiatives in real estate, technology, entertainment, sports and gold mining, as well as in the air and rail catering sectors. EBX Group is active in nine Brazilian states, Chile, Canada and Colombia, and has offices in New York (USA). History The EBX Group activities started in the early 1980s, with a project that was conceived and executed by Eike Batista: “Novo Planeta”, the first mechanized alluvial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio De Janeiro
Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a beta global city, Rio de Janeiro is the sixth-most populous city in the Americas. Part of the city has been designated as a World Heritage Site, named "Rio de Janeiro: Carioca Landscapes between the Mountain and the Sea", on 1 July 2012 as a Cultural Landscape. Founded in 1565 by the Portuguese, the city was initially the seat of the Captaincy of Rio de Janeiro, a domain of the Portuguese Empire. In 1763, it became the capital of the State of Brazil, a state of the Portuguese Empire. In 1808, when the Portuguese Royal Court moved to Brazil, Rio de Janeiro became the seat of the court of Queen Maria I of Portugal. She subsequently, under the leadership of her son the prince regent João VI of Portugal, raised Brazil to the dignity of a k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dommo Energia
Dommo Energia is a Brazilian publicly listed oil and gas company belonging to the EBX Group. Until 2017 it was known as OGX Petróleo e Gás Participações S.A. (OGX). Prior to a 2013 bankruptcy filing, OGX was Brazil's second largest oil company by market value after Petrobras. History OGX was founded in 2007. In June 2008 it held initial public offering and the company was listed at BM&F Bovespa. In September 2009, the company started its exploration activities. At the same year OGX made its first oil discovery at the Waimea offshore field and on 31 January 2012 it started oil production. It made several other oil discoveries. In 2010, it discovered oil at the Pero and Inga fields in Block BM-C-40. In 2013 OGX was forced to file for bankruptcy protection in the Court of Justice of Rio de Janeiro after defaulting on a $45m bond payment. OGX was renamed Dommo Energia in 2017. Operations OGX is engaged in onshore and offshore exploration and production a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GPA (company)
Companhia Brasileira de Distribuição, doing business as GPA (formerly as Grupo Pão de Açúcar), is the biggest Brazilian company engaged in business retailing of food, general merchandise, electronic goods, home appliances and other products from its supermarkets, hypermarkets and home appliance stores owned by the French conglomerate retail group Casino. Its headquarters are in São Paulo city. The company is the second biggest retail company in Latin America by revenue and the second largest online retailer in Brazil. The company operates its e-commerce through Cnova, a subsidiary of Via Varejo. For 2013, the company planned to open more than 150 stores, targeting northeast and mid-west regions. In September 2013, Abílio Diniz, the son of the company's founder, has stepped down as chairman of the company. Business units GPA operates through different store concepts (and different banner logos): Brazil (809 retail stores; 68 drugstores* and 74 gas station**) * Pão de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Veja (magazine)
''Veja'' (, English: ''see'', ''look t it') is a Brazilian weekly news magazine published in São Paulo and distributed throughout the country by media conglomerate Grupo Abril. It is the leading weekly publication in the country and one of the most influential outlets of the Brazilian printed media. ''Veja'' publishes articles on politics, economics, culture, world events, entertainment, and war. It also regularly includes editorial pieces related to themes like technology, ecology, and religious debate. It has recurring sections on cinema, television, practical literature, music, and guides on diverse subjects.Maringoni, Gilberto ''Veja vs. Chávez.'' Observatório de Imprensa - Ano 12 - Nº 327 - 3 May 2005 It has been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of ''laissez-faire'' economists (whom he calls " free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001, and received the university's highest academic rank ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
