In Brazil, Temer appoints new president of state-led development bank

Acting President Michel Temer appointed economist Maria Silvia Bastos Marques to head the state-led Brazilian Social Development Bank  (BNDES), replacing Luciano Coutinho.

Maria Sílvia Bastos, who chaired the Companhia Siderúrgica Nacional (Brazilian steel-maker company) between 1999 and 2002, is the first woman to become an important member of the government after the all-male ministerial staff had been announced. 

Planning Minister Romero Jucá said Maria Silvia has experience in the sector. "It is an invitation to a competent, experienced person, who has every condition to do a great job at BNDES. Then President Temer decided to invite her and I consider it a great choice. "

Translated by Amarílis Anchieta