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Brazil development bank chief quits, fueling political crisis

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AFP Rio De Janeiro
Last Updated : Jun 16 2019 | 11:30 PM IST

The head of Brazil's powerful state development bank quit Sunday a day after far-right President Jair Bolsonaro threatened to sack him, fueling a political crisis engulfing the government.

BNDES president Joaquim Levy, a Chicago-educated economist and former finance minister in the left-wing government of ex-president Dilma Rousseff, submitted his resignation to Economy Minister Paulo Guedes after Bolsonaro said he had a "price on his head."

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First Published: Jun 16 2019 | 11:30 PM IST

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