Tag Archives: BNDES

The Atypical Foreign Creditor

By Eliot Brockner | Published: November 30, 2008

On 21 November Brazilian authorities recalled the Brazilian ambassador to Ecuador following a public announcement by Ecuadorian President Rafael Correa that the Ecuadorian government would not pay a $243 million dollar debt to the state-owned Brazilian Development Bank (BNDES) for the underwriting of construction on the San Francisco dam. Odebrecht, the Brazilian engineering company that [...]

Posted in Bolivia, Brazil, Ecuador, Paraguay | Also tagged finance | Leave a comment

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Tag Archives: BNDES

The Atypical Foreign Creditor

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