In fact, the BNDES’ connection with the globalized market has existed for a very long time. The Bank pays full attention to exports in Brazil by fostering the production and the sales of locally-produced goods earmarked for foreign trade. In addition, the BNDES supports the internationalization of Brazilian companies, aiming at increasing their competitiveness which, in turn, propels the global economy.
The BNDES has other relations with the global market; for example, with multilateral organizations and fomentation agents, through which the Bank raises funds and finances projects of common interest. The BNDES has also consolidated its funding with the international market by issuing bonds.
Reinforcing the BNDES’ international operations requires the development of new organizational structures, including the constitution of branches of the Bank outside Brazil. The following measures reflect the strategic nature of the BNDES’ international presence:
- in 2008, the BNDES’ organizational structure underwent a change with the creation of the International Division, responsible for coordinating the implementation of activities connected to the Bank’s international operation, yet linked to other internal sectors;
- in August 2009, an office in Montevideo, Uruguay, was opened;
- in 2009, the Bank opened its office in London, United Kingdom as BNDES Limited. In 2013, the company was re-registered as BNDES PLC. In June 2017, the company was re-registered as BNDES Limited;
- in December 2013, BNDES inaugurated its representative office in Johannesburg – known as BNDES Africa.
With all these efforts, the BNDES aims to consolidate the strength and competitiveness of the Brazilian economy within a fully interconnected world. With this, the Bank launches its operations on a new level, where elaborating Brazilian development involves an integrated view in a global context.