Former Steel Executive Appointed Head of Brazil’s BNDES Bank

  • BNDES one of few sources of long-term lending in Brazil
  • Appointment follows criticism on lack of women in cabinet

Brazil’s Acting President Michel Temer has appointed Maria Silvia Bastos Marques, the former chief executive of steelmaker Cia. Siderurgica Nacional, to head up Brazil’s state development bank BNDES.

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