The Future of National Development Banks
September 15, 2016
National Bank for Economic and Social Development (BNDES) Rio de Janeiro, Brazil

Research partnership between BNDES/CAF/IPD on the national development banks of Brazil, Peru, Chile, Colombia, Mexico, Germany and China.
The project will focus on second tier national development banks –that is those that lend through other financial intermediaries, and not directly; it also includes cases of public sector banks active in project financing for development purposes (in infrastructure), but not public sector commercial banks.
There is renewed support for development banks, in the wake of the 2007/09 North-Atlantic financial crisis, as the limitations and problems of a purely private financial sector have become more evident to different strands of economic thinking. It became obvious after 2007/09 that the private financial system on its’ own cannot perform well to support the real economy. It has been pro-cyclical, over-lending in boom times, and rationing credit during and after crises, limiting working capital and, especially, long-term finance crucial for investment. In both tranquil, but more in turbulent times, it has not funded sufficiently long-term investment in innovation and skills which businesses need to grow and create jobs; key sectors like infrastructure, renewable energy and energy efficiency have been insufficiently funded. Small and medium enterprises get insufficient credit, which is often costly and short-term.






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José Antonio Ocampo
Task Force Chair
Professor of Professional Practice at Columbia University and former Minister of Finance of Colombia
Columbia University
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Stephany Griffith-Jones
Task Force Chair
Financial Markets Program Director
Initiative for Policy Dialogue (IPD)
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Pablo Sanguinetti
Task Force Member
Chief Economist
CAF
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Vinicius Carrasco
Partner
Director
BNDES
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Lavinia Barros
Partner
BNDES
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Rogerio Studart
Speaker
Alternate Executive Director
World Bank Group
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Juan Carlos Moreno-Brid
Speaker
Faculty of Economics
National Autonomous University of Mexico
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Paola Arias Gomez
Speaker
Researcher
SIPA, Columbia University
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Peter Volberding
Speaker
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Qiyuan Xu
Speaker
Director of Economic Development
CASS
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Alfredo Schclarek
Speaker
Assistant Professor
Economics
Universidad Nacional Cordoba
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Felipe Rezende
Speaker
Professor
Economics
Hobart and William Smith College
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Alejandro Gumucio
Commentator
CAF
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Laila Staudinger
IPD Staff
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Bruno Pantaleao
Other
Columbia Global Centers - Rio
The Future of National Development Banks
3.37mb pdf |
Brazil Needs Transformational Investments: Is BNDES Ready?
1.85mb pdf |
Mexico's Modernization of Development Banks: NAFINSA's Lights and Shadows
1.36mb pdf |
The Role of National Development Banks: The Case of Chile's CORFO
383kb pdf |
The Colombian Development Banks
2.77mb pdf |
CDB: Born Bankrupt, Born Shaper
1.41mb pdf |
National Promotional Banks as Active Financiers: The Case of KFW
284kb pdf |
The Countercyclical Role of National Development Banks
722kb pdf |
The Role of Public Banks in Long-term Funding
1.30mb pdf |
Event Information
Type | Meeting |
Program | Debt Restructuring and Sovereign Bankruptcy |