Brazil’s BNDES to Sell Assets, Seeks to Lure Private Investment

Brazil’s state development bank BNDES will sell equity assets and utilize concessions and privatizations as it seeks to attract the private investment needed to pull Latin America’s largest economy out of recession, according to the bank’s new president.

Maria Silvia Bastos Marques took over as head of the bank known as BNDES on Wednesday, saying she will personally oversee the institution’s privatizations and public-private partnerships until she selects a director to do so. She said she would be “pleased and gratified” if Rio de Janeiro state decides to enlist BNDES to help privatize its water and sewage utility.

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