Head of Brazil development BNDES resigns amid tension with Bolsonaro

The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with President Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.

In a statement seen by Reuters on Sunday, Joaquim Levy, a University of Chicago-educated economist and former finance minister who was appointed by Bolsonaro shortly after he began his term in January, said he has sent a note of resignation to Economy Minister Paulo Guedes.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.