Das privatizações à nova estratégia de desenvolvimento: a trajetória do BNDES entre 1990 e 2010

Abstract

The Banco Nacional de Desenvolvimento Econômico e Social (BNDES) is the leading development finance institution in Brazil, and one of the qualified organisms of the Federal Government to implement its economic policy. In recent decades, the BNDES has experienced serious changes that led him first to become the principal executor instrument of privatization policy of the government Collor de Mello Franco and Cardoso. Later, the bank resumed a more developmental role from the Lula government. These changes will be evaluated from the influence of the different development strategies adopted under the role of the bank, and will be analyzed further, the importance of the internal policies of the institution has to influence, as a counterweight, such strategies. What will be shown is that the joint action of internal policies with development strategies promoted by different governments are the main factors of changes in the role of the bank in its historical trajectory and more specifically in the recent time.