The National Bank for Economic and Social Development (BNDES) signed a memorandum of understanding (MoU) with the development banks of the countries that make up the BRICS bloc (Brazil, Russia, India, China and South Africa). The goal is to boost digital applications using Distributed Ledger (DLT) and Blockchain technologies.
In addition to Brazil's development bank, the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) from Russia signed the agreement; the Export-Import Bank of India (Exim Bank), the China Development Bank (CDB) and the Development Bank of Southern Africa Limited (DBSA) of South Africa.
Valid for five years, the agreement was signed during the 10th BRICS Summit, in Johannesburg, South Africa, between the 25th and 26th. It foresees the exploration of opportunities in applications of Distributed Ledger (DLT) and Blockchain technologies, in infrastructure financing and in other sectors of mutual interest, enabling institutions to increase the transparency, accountability and traceability of their resources. BNDES was represented, on the occasion, by the head of its Funding Department, Leonardo Botelho.
Background – The memorandum expands the BNDES' cooperation with development banks in the use of blockchain technology to improve transparency and efficiency in financed projects. In February, the BNDES started a partnership with the German development bank KfW for greater control over the life cycle of the Amazon Fund's financial operations, through the TruBudget blockchain technology application.
EN 
PT 
