As instituições financeiras de desenvolvimento e o financiamento de longo prazo: revisitando o debate

Abstract

Development financial institutions (DFIs) are spread across the world and are relevant in countries at different stages of development both in times of stability and of economic crisis. This study updates the statistics regarding the contribution of DFIs to long-term finance, highlighting their importance for sustainable development. Furthermore, the 2008/2009 financial crisis and the COVID-19 pandemic showed the importance of IFDs in implementing countercyclical policies, which mitigate the fall in private credit and enable faster recovery. The IFD long-term strategy began to prioritize, as a basis for their financing decisions, the transition to an inclusive economic model that is compatible with climate change and reduces income inequalities. DFIs multiply sustainable financing by promoting strategic partnerships and new financial instruments that crowd in private resources. They are indispensable players in the global sustainability agenda.