Brazilian National Development Bank

Throughout South America, indigenous peoples are fighting to prevent irreparable harm to their communities and environments due to mega-projects financed by the Brazilian National Development Bank (BNDES). Though BNDES is a Brazilian bank, its investments in dams and roads reach across the region. BNDES is a global leader in development finance, with its portfolio now far surpassing that of even the World Bank. Where BNDES greatly lags behind other major development banks, however, is in transparency and accountability. The bank lacks any comprehensive social and environmental policies, and has no policy on indigenous peoples.