Bolsonaro spoke with a black box address at the BNDES and published data that was already public



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ORIGINALLY PUBLISHED ON THE RED WEBSITE

The BNDES published Friday morning the list of fifty companies and public entities that have borrowed as much as possible from the development institution. He also published a list of countries in which Brazilian companies acted with the help of the BNDES.

President Jair Bolsonaro used his social networks to disclose the ranking link, implying that the release of the data would be a novelty and pave the way. "Black box" of the institution.

It was enough for his supporters to flood the social networks with the most astonishing and hallucinating accusations of corruption against the previous administrations of the BNDES and, of course, against the PT governments. Internet users who demanded the closure of the Bank were not lacking either, clearly showing their ignorance of the fundamental role played by the BNDES in the development of the country.

Transparency, it is the merit of Dilma

The spirit Bolsonaro when he says that is "the opening of the black box" of BNDES. The information provided by the bank is already accessible since the promulgation of the law on access to information. This law (No. 12,527) was sanctioned on 18 November 2011 by the President of the Republic, Dilma Roussef (PT), and governs the constitutional right of citizens' access to public information.

Investigators of the prosecutor's office, the Court of Auditors of the Union and even BNDES critics point out that since 2015, they still fall under the management of the State, the Federal District and municipalities . Luciano Coutinho and Dilma Rousseff, the bank began to disclose all loans granted with the value of the transactions, interest rates, guarantees and all contracts signed. Last year, the TCU participated in a reformulation putting more information on the bank's Internet portal.

In other words, the merit of transparency belongs to the Dilma government. Bolsonaro, when he talks about "opening the black box", uses only a moralistic rhetoric to deceive public opinion, suggesting irresponsibly and without support that there are a number irregularities in the activities of the Bank [19659003] According to Arthur Koblitz, vice-president of the AFBNDES (BNDES Employees' Association), this is a "campaign speech" detached from reality . "The objective seems to be to discredit the still highly expressive public banking sector in Brazil, which goes against the interests of the private financial sector and the dominant liberal ideology", says

Cowardly Attitude

Adopting a cowardly attitude, BNDE's new president, Joaquim Levy, while fully aware of the fact that the Bank's transactions are audited and comply with all legal rules, was omitted from the Escalating unfounded accusations that President Jair Bolsonaro and his advisers launch daily against BNDES. Asked by the press, Levy simply stated that transparency "is an ingrained thing" in the bank. He also stated that a box "is black only if you do not decrypt what you have in it" and stated that "data is already available", but that you need to "better organize it" so that people can understand more easily

A more dignified attitude was the former president of the BNDES, Paulo Rabello de Castro. In an interview, he said that it was necessary "to go to the end" to conclude that there was a "black box" in the institution and that, if this is not proven, a request for "apologies" is necessary.

Paulo Rabello, who worked on the management of Michel Temer (MDB), said that it was incumbent on the new government to explain what would be the alleged lack of transparency. "We all want to know where the rot is," he told UOL. We will not accept anything except an apology in the absence of a black box. Why Because it's a very serious case. It deals with the jurisdiction of the people who were administering, even though nothing was going on about my period. But it is alleged that our ability to verify is sufficiently serious. "

Guarantee Fund

The false information disseminated by the socialist crowd in social networks – and even by some journalists in the media the Brazilian National Treasury and, consequently, the taxpayer. [19659003] The BNDES website itself indicates that the bank does not finance the countries.What the BNDES does, it is to support the exports of Brazilian companies to other countries.It s & # 39; In some cases, the importing country badumes the debt of the Brazilian exporting company.

The Bank states:

First, it is necessary to clarify one thing:

If the country does not respect its commitments, the BNDES subscribes to an insurance backed by the Export Guarantee Fund (EGF), guarantor of all the Bank's export financing.

At this point, the resources leave the country. Treasury, but they do not come from taxes paid by the population.

Indeed, like any insurance, the GEF charges the payor of the loan rewards proportional to the risk incurred.

FGE receipts – these premiums paid by the importers themselves – are always transferred to the single account of the National Treasury. Therefore, when it is necessary to award compensation for non-payment or delay, the resources leave the Treasury and must come from the General Budget of the Union (OGU).

It is important to note that the EGF is a largely surplus accounting fund. Since its inception 20 years ago, until October 2018, premiums of $ 1.35 billion have been paid and compensation of $ 388 million ($ 160 million for other banks) has been recovered and 18, 9 million USD.

Therefore, even if the resources needed to cover the debts must pbad through the UGU, they come from the premiums paid by the debtors of the financing, as is the logic of any insurance. In other words, the financing of exports by the BNDES, besides the creation of jobs and income in Brazil, contributes to the increase of the revenues of the National Treasury.

From the editor, Cláudio Gonzalez, with the agencies

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