The Economist has a piece on BNDES, advocating greater transparency, and noting the influence of the organization. EIKE BATISTA, Brazil’s richest man, calls BNDES, the country’s state-owned development bank, “the best bank in the world”. But a former BNDES chairman, Luiz Carlos Mendonça de Barros, says it is a serpent’s egg—a reference to a filmContinue reading “BNDES needs greater transparency?”
Daily Archives: August 5, 2010
A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality
Luxury items? Doing fine thank you. A recent survey by consulting firm PonteEstratégia revealed that middle class Brazilians(earning R$1,500-R$5,000 per month) spend 30% to 60% of their income on luxury items. On the same note, GFK institute and MCF consultancy announced that the luxury market in Brazil will grow more than the economy as a whole; 23%Continue reading “A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality”
BRAZILGLOBAL.NET 