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Importance of Brazilian Development Bank for Economy and Trade

Author

Listed:
  • Sergey Sergeevich Matveevsky

    (Financial University under the Government Russian Federation, Moscow, Russia)

Abstract

Development banks provide certain opportunities and contribute to economic growth is thanks to its activities effectiveness (performance assessment systems). The author concludes that the BNDES performance monitoring and evaluation system ensures the achievement of strategic goals (currently, a 4-level hierarchy of goals is used). BNDES uses a results integration model that takes into account the relationship of goals, the “transformation” of costs into indicators corresponding to each industry (indicators assess the achievement of goals). According to the author, the most important indicators to estimate the impact of BNDES on the national economy are: the ratio of GDP to funding and gross fixed capital formation (GFCF).

Suggested Citation

  • Sergey Sergeevich Matveevsky, 2021. "Importance of Brazilian Development Bank for Economy and Trade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 9, pages 104-115, September.
    • Handle: RePEc:alq:rufejo:rfej_2021_09_104-115
    DOI: 10.24411/2072-8042-2021-9-104-115
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