To the Editor:
Re article entitled, “Brazil’s Debt King: The Professor Who Oversaw a Boom Gone Wrong” (Dec. 10):
Placing a group of facts together, even when they are true, doesn’t necessarily lead to a truthful or balanced understanding. That’s what Bloomberg did in its reporting. The story presents a distorted and biased view of the BNDES and its president, Luciano Coutinho. It’s a viewpoint in which the voice of the bank’s critics is loud and clear, while the bank’s side is hidden and muted.
The text does no less than associate BNDES with all of Brazil’s economic troubles: weak investment, rise of public debt, inflation, corruption scandals. In short, the bank’s alleged miseries are symbolic of the country’s “spreading disaster” and contribute to “Brazil’s meltdown”.
Brazil Energy Insight 
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