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When the process of nominating the president of World Bank was taking place, a lot of people have raised the question about representatives from emerging markets. It did have a Latin American candidate for the very first time. However, the influence from emerging economies at the World Bank does not make a lot of sense anymore. The Brazilian National Bank for Social and Economic Development (BNDES) is now the second biggest development bank in the world. The first is the China Development bank and the World Bank just comes in a distant third. BNDES has a loan portfolio three times bigger than the World Bank...

[ ] OSX's shipyard gets R$ 2.7 billion from banks OSX, the naval construction arm of Batista's ESX group, is getting a loan of R$ 2.7 billion (US$ 1.3 billion) from state-owned banks BNDES and Caixa Econômica … more

Author of the books Guide to the Perfect Latin American Idiot and The Return of The Idiot, Álvaro Vargas Llosa is a well-know figure in Latin American economics and politics. An individual investor and member of The Washington Post Writers Group, Vargas Llosa is recognized by his critical view of statism and political dirigisme. At the Liberty Summit (Fórum da Liberdade), which was held in Porto Alegre, in a panel about the future of Brazil and lessons from other countries, Vargas Llosa remarked that the South American country has very good advantages compared to others...

[Brazil , Business , News ] J&F, the holding which owns the majority of shares of food giant JBS, decided to buy Delta Construção. Delta is a company involved in a major scandal, where it won almost half of the contracts … more