Tag Archives: bndes

The EIB loan to BNDES: Learning lessons for the next external mandate of the Bank

In a previous article, Counter Balance raised awareness about a loan of 500 million Euros from the European Investment Bank to the Brazilian development bank BNDES and the uncertainties related to it. We have now gathered more precisions about the status of this loan – not a single euro has been spent – and the […]

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Half a billion of European public money well spent in Brazil?

What is the reason behind the European Investment Bank’s 500 million loan to the Brazilian development bank BNDES? The public money comes from the ‘climate funds’ intended for projects to stop climate change. Does this make BNDES the most logical choice? Anouk Franck of our Dutch partners organisation Both Ends went to Brazil to find […]

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