BRDE Urban, Rural and Social Infrastructure Program to achieve the SDGs (NDB-brdeurbanruralandsoci)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
South Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 15, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Regional de Desenvolvimento do Extremo Sul (BRDE)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 164.26 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported Up to EUR 134.64 million
Converted using 2020-12-18 exchange rate.
Project Cost (USD)
$ 164.26 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 134.64 million
Converted using 2020-12-18 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Dec 18, 2020


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Project Description
Project Context
The Southern Region of Brazil comprises the states of Rio Grande do Sul, Santa Catarina, and Paraná, with a total population of 29.6 million, accounting for about 14% of the country’s population and its GDP representing 20% of the country’s GDP. The Region has very few large cities and about two-thirds of its population lives in small- to medium-sized cities. In the backdrop of economic crisis Brazil is experiencing, small and medium municipalities have constrained fiscal capacity to invest and have very limited access to financing from Brazil’s private banking sector. BRDE has been an important financier with a strong reach to channel financial resources to smaller municipalities in the Southern Region of the country.
Project Objective
The Project will contribute to addressing scarcity and bottlenecks of infrastructure in key sectors in the Southern Region of Brazil, by filling the gap of infrastructure financing needs, particularly for sub-national governments with limited access to infrastructure financing.
Project Description
NDB will provide a sovereign guaranteed loan to BRDE for on-lending to sustainable infrastructure projects to sub-borrowers in the Southern Region of Brazil. The sub-projects shall be selected by BRDE based on the following criteria:

(i) the municipalities with a population preferably of less than 100,000 inhabitants that currently cannot directly access international financing due to regulatory restrictions; and
(ii) state-owned enterprises and private sector companies, including their participation in concessions, public-private partnerships and other similar arrangements.

Investment Description
  • New Development Bank (NDB)
Contact Information

ACCESS TO INFORMATION

You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to info@ndb.int

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing.

 

Contacts NDB Borrower and Implementing Agency
Project Team Leaders:

Alexandre Takahashi
Takahashi.alexandre@ndb.int

Thadeu Abicalil
abicalil.thadeu@ndb.int

BRDE:
Fernando Lopes Laurent
fernando.laurent@brde.com.br