Armando Castelar
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Armando Castelar
Armando Castelar (born 5 November 1955 in Rio de Janeiro, Brazil) is a Brazilian economist who was Head of the Economics Department of the Brazilian Development Bank (BNDES) for eight years, leading the Bank's research work and advising the Executive Board on macroeconomic issues. He is also a former analyst of Arminio Fraga and his Gávea Investimentos. Since 2010 he has been Coordinator of Applied Economic Research at Instituto Brasileiro de Economia (IBRE)/ Fundação Getúlio Vargas (FGV), Brazil's leading think tank, and Professor of Economics at the Federal University of Rio de Janeiro. Background Castelar earned a Ph.D. in Economics (University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a Public university, public Land-grant university, land-grant research university in Berkeley, California, United States. Founded in 1868 and named after t ...), Master's degrees in Statistics (IMPA) and Business ...
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Rio De Janeiro
Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the Americas, sixth-most-populous city in the Americas. Founded in 1565 by the Portuguese people, 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 List of states of the Portuguese Empire, state of the Portuguese Empire. In 1808, when the Transfer of the Portuguese Court to Brazil, 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 John VI of Portugal, raised Brazil to the dignity of a kingdom, within the United Kingdom of Portugal, Brazil and the Algarves, United Kingdom of Portugal, Brazil, and Algar ...
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Brazil
Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population, seventh-largest by population, with over 212 million people. The country is a federation composed of 26 Federative units of Brazil, states and a Federal District (Brazil), Federal District, which hosts the capital, Brasília. List of cities in Brazil by population, Its most populous city is São Paulo, followed by Rio de Janeiro. Brazil has the most Portuguese-speaking countries, Portuguese speakers in the world and is the only country in the Americas where Portuguese language, Portuguese is an Portuguese-speaking world, official language. Bounded by the Atlantic Ocean on the east, Brazil has a Coastline of Brazil, coastline of . Covering roughly half of South America's land area, it Borders of Brazil, borders all other countries and ter ...
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Brazilian Development Bank
The National Bank for Economic and Social Development or NBESD (, 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 of investments in agriculture, commerce, and ...
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Arminio Fraga
Armínio Fraga Neto (born 20 July 1957, in Rio de Janeiro) is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2003. From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Management in New York. Since 2001, he has been a member of the influential Washington-based financial advisory body, the Group of Thirty. Education Fraga received his PhD in economics from Princeton University in 1985. Career In 2003, he founded the Rio de Janeiro based investment company, Gávea Investimentos. Fraga has been called the Alan Greenspan of Latin America for his skillful handling of Brazilian monetary policy during his tenure as CBB president. Fraga worked for both Fernando Henrique Cardoso governments. In 2009, Fraga served on the High Level Commission on the Modernization of World Bank Group Governance, which – under the leadership of Ernesto Zedillo – conducted an external review of the World Bank Group's gove ...
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Gávea Investimentos
The Gávea Group comprises two investment management firms (Gávea Investimentos and Gávea Equity) and one distributor (Gávea DTVM). These are regulated by the Central Bank of Brazil, the Comissão de Valores Mobiliários - CVM (Brazil’s equivalent to the US SEC) and the Brazilian Financial and Capital Markets Association (ANBIMA). Assets under management of approximately US$3.5 billion as of March 2019. Gávea was founded in the 2nd quarter of 2003 by Arminio Fraga and Luiz Henrique Fraga, launching its first two products in August of that same year. Its activities are focused on four lines of business; hedge funds, private equity funds, equity funds and real estate funds. Gávea has offices in Rio de Janeiro and São Paulo, with a staff of approximately 150. In November 2010, Gávea announced the sale of a majority interest in its capital to J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase. And consequently, creating a strategic alliance with Hig ...
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Foreign Policy
Foreign policy, also known as external policy, is the set of strategies and actions a State (polity), state employs in its interactions with other states, unions, and international entities. It encompasses a wide range of objectives, including defense and security, economic benefits, and humanitarian assistance. The formulation of foreign policy is influenced by various factors such as domestic considerations, the behavior of other states, and geopolitical strategies. Historically, the practice of foreign policy has evolved from managing short-term crises to addressing long-term international relations, with diplomatic corps playing a crucial role in its development. The objectives of foreign policy are diverse and interconnected, contributing to a comprehensive approach for each state. Defense and security are often primary goals, with states forming military alliances and employing soft power to combat threats. Economic interests, including trade agreements and foreign aid ...
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Federal University Of Rio De Janeiro
The Federal University of Rio de Janeiro (, UFRJ) is a public university, public research university in Rio de Janeiro, Brazil. It is the largest federal university in the country and is one of the Brazilian centers of excellence in teaching and research. Brazil's first official higher education institution, it has operated continuously since 1792, when the "Real Academia de Artilharia, Fortificação e Desenho" (Royal Academy of Artillery, Fortification and Design, precursor to the university's current Polytechnic School) was founded, and served as basis for the country's college system since its officialization in 1920. Besides its 157 undergraduate and 580 postgraduate courses, the UFRJ is responsible for seven museums, most notably the National Museum of Brazil, nine hospitals, hundreds of laboratories and research facilities and forty-three libraries. Its history and identity are closely tied to the Brazilian ambitions of forging a modern, competitive and just society. The u ...
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University Of California, Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a Public university, public Land-grant university, land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkeley, it is the state's first land-grant university and is the founding campus of the University of California system. Berkeley has an enrollment of more than 45,000 students. The university is organized around fifteen schools of study on the same campus, including the UC Berkeley College of Chemistry, College of Chemistry, the UC Berkeley College of Engineering, College of Engineering, UC Berkeley College of Letters and Science, College of Letters and Science, and the Haas School of Business. It is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". Lawrence Berkeley National Laboratory was originally founded as par ...
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National Development Bank
A national development bank is a development bank created by a country's government that provides financing for the purposes of economic development of the country. Africa * Botswana: National Development Bank of Botswana (NDB Botswana) * Ethiopia: Development Bank of Ethiopia (DBE) * Ghana: Agricultural Development Bank of Ghana (ADB) * Kenya: Development Bank of Kenya (DBK) * Mozambique: Banco Nacional de Investimento (BNI) * Nigeria: Bank of Industry (BOI) * Rwanda: Rwanda Development Bank (BRD) * Tanzania: Tanzania Agricultural Development Bank (TADB) * Uganda: Uganda Development Bank Limited (UDBL) Americas * Brazil: Brazilian Development Bank (BNDES) * Canada: Business Development Bank of Canada (BDC) * Colombia: Financiera de Desarrollo Territorial (FINDETER) * El Salvador: Banco de Desarrollo de El Salvador (BANDESAL) * Jamaica: Development Bank of Jamaica * Peru: (Cofide) * United States: Reconstruction Finance Corporation (1931-1957) and Puerto Rico Government Developmen ...
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