Members corner: BNDES & CDB (December)

Members corner: BNDES & CDB (December)

BRAZIL AND CHINA: On November 17th, BNDES and the China Development Bank, along with the other BRICS countries (India, Russia and South Africa) signed the BRICS DFIs Principles for Responsible Financing. This initiative recognizes that the realities of emerging countries are different from those in developed countries as well as the importance of leading the ESG [Environmental, Social and Governance] agenda. 

The development banks of the BRICS trade bloc met Monday to jointly adopt these principles as well as to discuss measures for combatting the global coronavirus pandemic. The meeting was chaired by the Russian bank VEB.RF (Igor Shuvalov) and was joined by the presidents of two of our member banks: Ouyang Weimin from China Development Banks and Gustavo Montezano from the Brazilian Development bank; who were joined by the leaders of the rest of the BRICS development banks.


Read more in the official website of BNDES.

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Source: RT Business News by Dado Ruvic (November 13th 2020) 

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