Federal offences

Article Abstract:

Brazilian state governments are privatizing banks, though this has yet to occur with federally owned banks which have been subject to political influence. The Brazilian National Development Bank (BNDES) has been criticised for a loan to Ford Motor to set up a plant in Bahia, and critics fear that this could mean job losses elsewhere in Brazil. There are five federal banks, which have overlapping activities. Private banks tend to be unable to supply long-term capital and this is the role of the BNDES.

Economic policy

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A fresh start? Selling Venezuela's banks

Article Abstract:

The Venezuelan government will begin auctioning the country's banking system on Dec 18, 1996. Successful sales of the largely insolvent banks will indicate that economic reform is gaining strength. There are doubts as to whether a new banking system will be more sound than its predecessor.

Privatization, Privatization (Business), Venezuela

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And for our next crisis: emerging-market banks

Article Abstract:

Brazil spent about 4.25% of its GNP to bail out Banco Economico and Banco Nacional. The banks became troubled due to politicians forcing them to lend to political cronies, which the government admitted. Critics assert that the banks should have been liquidated rather than rescued.

Economic aspects, Finance, Banco Economico S.A., Banco Nacionale

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