Transformation at BNDES

The National Bank for Economic and Social Development (BNDES) is Brazil’s main institution for promoting national development. However, the bank has been losing strength and undergoing reformulations over time. Several reasons can be given for this, but many of these changes are linked to the directions that were taken by different governments. Because BNDES is a bank with its capital concentrated in the hands of the federal government, its performance guidelines are determined by the respective government in question.
The BNDES was founded with the objective of granting low cost and broad access to credit and to encourage Brazilian development. Within this context, the following document aims to systematize the transformations that have occurred in the BNDES in recent years, since 2016. This study is important due to the governmental changes and variations in the bank’s performance guidelines.