bndes

Corruption goes Brazilian

Back in April, Juan Cristobal wrote about a big corruption investigation in Brazil. Uncovered by the magazine Época, the story involved local conglomerate Odebrecht, state development bank BNDES, and a large loan promised in 2009 by then President Lula Da Silva to the comandante presidente for the construction of Metro Los Teques. Both Odebrecht and BNDES formally…

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The Esequibo rift heats up… again

The long diplomatic conflict between Venezuela and Guyana regarding the territory known as the Esequibo has entered a brand new phase this year. In recent weeks, both nations have toughened up their words and actions, thanks to the discovery of oil under disputed waters by ExxonMobil, whose presence is rejected by our central government. Last month, ExxonMobil…

CEPAL VE UN 2014 "MEJOR" PARA AMÉRICA LATINA, PERO PIDE APUNTALAR LA EXPORTACIÓN

Alicia Bárcena’s blinders

The head of the UN’s Economic Commission for Latin America and the Caribbean (ECLAC), well-known chavista hack Alicia Bárcena, was in Caracas yesterday. While she was there, she praised Venezuela for “poverty reduction” and for fighting inequality. It’s too bad that Bárcena doesn’t read her own reports. As we wrote about months ago, her very own organization…