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The Future of National Development Banks$
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Stephany Griffith-Jones and José Antonio Ocampo

Print publication date: 2018

Print ISBN-13: 9780198827948

Published to Oxford Scholarship Online: November 2018

DOI: 10.1093/oso/9780198827948.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 December 2021

The Future of Development Banks

The Future of Development Banks

The Case of Brazil’s BNDES

(p.86) 4 The Future of Development Banks
The Future of National Development Banks

Rogério Studart

Luma Ramos

Oxford University Press

Despite its recent socioeconomic achievements, Brazil faces daunting challenges related to its outdated and to a certain degree dysfunctional infrastructure. If Brazil aims to achieve sustained inclusive growth in the future, and fulfil its potential as an emerging economy, it must find ways to fill its significant sustainable infrastructure and logistics gaps. This chapter analyses the recent role that Brazil’s national development bank, BNDES, has played in promoting infrastructure and logistics (I&L) investments. It argues that BNDES could, and should, play a critical role in developing a much-needed I&L investment financing architecture by fostering project development capacities, and financing, leveraging, and crowding-in private resource for the sector.

Keywords:   Brazil, sustainable development, national development bank, development finance architecture, infrastructure finance

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