Why does Brazil’s Banking Sector Need Public Banks? What should the BNDES do? Felipe Rezende

The author examines the role played by the BNDES in financing long term development, how to finance it, and the government's role in the direct provision of financial services. Brazil_Banking_Sector (Download the full text in PDF format) (This article was originally published in the PSL Quarterly Review Vol. 68, No 274 [2015].)

Development Finance in BRICS Countries Published by the Heinrich Boll Foundation

The volume aims to provide background information for an informed debate about development financing from the perspective of emerging economies, especially the BRICS countries. For decades, the world of development banking was dominated by a few multilateral actors, foremost the World Bank Group as well as regional development banks. In recent years, some established banks have much expanded their scope of operation, while new actors and interests are moving in. A number of national development banks, for example from China and Brazil, have entered the international arena in a big way, often operating far outside of their respective home countries…

Banking with a Difference C.P. Chandrasekhar

Democratic forces in BRICS and other countries have to ensure that the BRICS bank acts differently from existing development banks to be a true alternative as expected. Banking_Difference (Download the full text in PDF format) (This article was originally published in the Economic and Political Weekly, August 9, 2014, Vol XLIX, No 32  http://www.epw.in/h-t-parekh-finance-column/banking-difference.html.)

Using the Potential of BRICS Financial Co-operation Jayati Ghosh

The emergence of BRICS as a global economic entity offers a scope for democratizing the entire process of South-South Co-operation that till date has been mainly corporate led. The commonalities of the challenges faced by the individual members of BRICS can act as a platform for developing a more progressive developmental trajectory for the member countries, and all emerging economies at large. BRICS_Financial_Co-operation (Download the full text in PDF format)