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.
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.
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
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 email@example.com
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:
Fernando Lopes Laurent