Instituto Fernand Braudel de Economia Mundial - Associado à FAAP

Think tank, and a do tank

BNDES: source of stability or instability?

In this seminar, the economist Mansueto Almeida, a long time critic of BNDES acting in the Federal industrial policy, debated the true role of the bank with ex-minister José Dirceu and Marcelo Trindade Miterhof, who is also an economist and an advisor to the BNDES' presidency.

When: 08/12/2010, at 18:30

BNDES helped the country to overcome the worldwide financial crisis that had frozen available credit lines since 2008. The Federal Government has amassed debts in 2009 to the tune of R$ 180 billion – 10 of which are for bailouts to BNDES, which doubled the volume of loans made between 2007 and 2009, and will increase loans in 2010 thanks to billions in new capitalizations from the federal treasury. The fiscal and monetary impacts of these bailouts to BNDES create an increase in gross domestic debt, a transfer of wealth from the subsidies of those with loans and higher Selic rates at the Central Bank. The BNDES is also a target of harsh criticism for its potential to become an engine of inflation in the near future, similar to what Banco do Brasil (Bank of Brazil) and its checking accounts caused in the 80s.

In this seminar, the economist Mansueto Almeida, a long time critic of BNDES acting in the Federal industrial policy, debated the true role of the bank with ex-minister José Dirceu and Marcelo Trindade Miterhof, who is also an economist and an advisor to the BNDES’ presidency.

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  1. 06/04/10 The fight for the Latin American soul
  2. 03/19/09 Series of conferences about the crisis
  3. 08/12/10 BNDES: source of stability or instability?
  4. 10/04/10 The role of the State in the Financial Crisis
  5. 08/03/09 New York education reform: Possibilities for Brazil

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