Joaquim Levy

President, Brazilian Development Bank (BNDES)

Bio

Prior to accepting an appointment as President of the Brazilian Development Bank (BNDES) in late 2018, Mr. Levy served as Managing Director and Chief Financial Officer of the World Bank. During his time at the World Bank, he was responsible for the financial and risk management strategies including development of new, innovative financial products and services, oversight of the financial reporting, risk management, and mobilization of financial resources in alignment with the WBG’s strategy. Previously, Mr. Levy served as the Minister of Finance for the Federal Republic of Brazil, working with the president and government in reforming the world's fifth largest economy.

From 2010 to 2014, Levy was CEO of Bradesco Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários, division of Banco Bradesco S.A., Brazil's second-largest private bank group, handling a portfolio of more than $130 billion. Prior to that Mr. Levy, as the Secretary of Finance of the State of Rio de Janeiro, successfully re-engineered financial management of the state, leading to its receiving an investment-grade credit rating from Standard & Poor's. Mr. Levy served as the Executive Vice President of Finance and Administration at the Inter-American Development Bank. Mr. Levy also served as the Secretary of Brazil's National Treasury and the Chief Economist at the Brazilian Ministry of Planning, Budget & Management. Mr. Levy held several positions at the European Central Bank and the International Monetary Fund.

Levy holds a PhD in economics from the University of Chicago (1992); a master's in economics from Getúlio Vargas Foundation (1987); and a Bachelor’s of Science in Naval Architecture and Marine Engineering from the Federal University of Rio de Janeiro.

External Publications

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