Brazil’s development bank is investing heavily in a plan to build huge hydroelectric dams in the Amazon and across South America.
Tag: BNDES
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.