The Brazilian development bank is investing heavily in a plan to build huge hydraulic dams in the Amazon and throughout South America.
BNDES: a bank loans billions to tame South America’s wild waters
Brazil’s development bank is investing heavily in a plan to build huge hydroelectric dams in the Amazon and across South America.
BNDES-funded Belo Monte dam — a mega-project with mega-problems
Was Brazil’s BNDES bank too rigid to change course when the Belo Monte dam showed signs of becoming a financial, environmental and social disaster?
BNDES: Corruption guided award of huge Amazon dam contracts in Brazil
Brazil’s BNDES is the largest development bank in the world. It’s enormous, poorly managed pay outs to Amazon dam projects have fuelled mass corruption.
How Brazilian Taxpayer Money Finances Construction Projects in the Amazon
About 44% of the National Bank for Economic and Social Development (BNDES) funds is completely dark.
La Primera: Civil society calls for more control of BNDES financing
Civil society calls for the transparency of report of South American investments with capital of the Brazilian bank.
BNDES ‘hidden’ data to regulatory agencies
In Brazil, the Federal Audit Body uncovered the means used by BNDES (National Bank for Economic and Social Development) to avoid revealing its data.
Pan-Amazonia according to Brazil
Works negotiated by the BNDES in the South American Amazon include hydro with cracks, leaky pipeline and a road that shook the presidency of Bolivia.
BNDES, for export
In the name of globalization, BNDES financing of Brazilian contractors abroad grew 1185% in 10 years.
BNDES can not transfer resources to Belo Monte
Works are suspended by order of Regional Federal Court.