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Bank building next to Petrobras headquarters.. The National Bank for Economic and Social Development or NBESD (Portuguese: Banco Nacional de Desenvolvimento Econômico e Social, abbreviated: BNDES) [2] [3] [4] is a development bank structured as a federal public company associated with the Ministry of the Economy of Brazil.
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At the end of 2010, CDB held US$687.8 billion in loans, more than twice the amount of the World Bank. [3] After Chen left the governorship of CDB in 2013, the bank's institutional power decreased. [7]: 157 The next CDB governor, Hu Huaibang, removed CDB personnel to staff the bank with personnel loyal to himself.