Towards a more effective BNDES prepared by Claudio Frischtak, Ceyla Pazarbasioglu, Steen Byskov, Adriana Hernandez Perez and Igor Andre Carneiro published by World Bank (6/2017). “The paper provides recommendations to establish BNDES as a more effective and focused development bank, less dependent on the government for funding, and less subject to interference by improving its governance.”
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