Banco Nacional de Desenvolvimento Econômico e Social

  • Direct (National)
Type
Direct (National)
Date approved
06 Jul 2019
Size
Large
ESS Category
Category A, Intermediation 1
Fiduciary standards
Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity), On-lending/blending (Guarantee)
Logo for BNDES

Overview

The Banco Nacional de Desenvolvimento Econômico e Social (BNDES, the Brazilian Development Bank), is a national entity headquartered in Brazil whose main mission is to foster sustainable and competitive development in the Brazilian economy, generating employment while reducing social and regional inequalities. BNDES finances projects based on criteria that prioritise development that fosters social inclusion, creating jobs and income. Its operations therefore cover various sectors, such as agriculture, the environment, industry, infrastructure, trade, tourism and urban development. BNDES is also committed to fostering projects that help to reduce greenhouse gas emissions and mitigate the impacts of climate change, and plays a key role in supporting programmes, projects and services related to Brazil’s economic and social development.

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