Let’s Think Small When it Comes to Development Banks and COVID-19
Let’s Think Small When it Comes to Development Banks and COVID-19
Subnational development banks in Latin America can help speed the recovery.
BELO HORIZONTE - As governments consider how to respond to COVID-19, one potential solution has been flying under the radar: subnational development banks, or SDBs These institutions are similar in mission to regional or national development banks like the World Bank, the Inter-American Development Bank or the BNDES of Brazil But SDBs operate, as the name suggests, at a much more local level Examples include the Institute for the Development of Antioquia - IDEA in Colombia and the Development Bank of Minas Gerais in Brazil, where we both work These entities are often neglected by...
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