Sustainable Finance: Opportunities and Challenges for Development Banks

Boughanmi Afef
University of Lorraine


This study investigate how national development banks are contributing to bridge the financing gap for climate adaptation and for attaining sustainable development goals through innovation. To this end, we focus on the case of Brazilian Development Bank (BNDES). We analyse the importance given to green economy and innovation in the last decade of the 21st century. With a documentary research we present the green innovation projects that has been supported by BNDES to reach sustainable development goals. As a result, we can observe the great capacity of BNDES to act as the main government promoter of innovation and the Brazilian tendencies for innovative projects and innovative tools to generate investment resources.


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