Deutsche Welle • Brazil accused of unscrupulous foreign loans • 18/03/2016
BUSINESS ETHICS Campaigners have claimed the Brazilian national development bank is lending money to damaging foreign projects without proper due diligence. Donna Bowater reports from Rio de Janeiro. When Brazil agreed to lend Bolivia $332 million (301.7 million euros) to build a highway through the Amazon in 2009, Evo Morales was en route to his second term as president. The bilateral agreement to finance a road from Villa Tunari in Chapare - where Morales got his political break as a coca trade union leader - to San Ignacio de Moxos in the rainforest was historically and politically significant. "This is a project we've been...
