esterday, the government announced that it was backtracking on some changes recently announced in the PSI investment-stimulus program managed by the BNDES. The changes are not very large: instead of reducing the program's total amount limit of BRL50bn by BRL30.5bn as announced earlier, the cut will am

Enrico T. Cucchiani Nelson W. Cunningham James Cuno Jean-Pierre Cuoni Frederico Curado Neill A. Currie President, Brazilian Development Bank (BNDES). Brazil Chairman Editor-in-Chief Advisory Partner Economics Editor President, Financial and Risk Chief Financial Officer President and Chief