1. Themes
  2. Concessional Finance
  3. Enhancing Cooperation Across Development Banks

Enhancing Cooperation Across Development Banks

Stronger cooperation among MDBs, NDBs, and sub-national development banks is critical to mobilize climate finance at scale.

2030 Goals

01

Create dedicated channels of cooperation between multilateral , national and sub-national development banks targeting critical sectors for mitigation, adaptation and building resilience.

02

Expand concessional financing mechanisms with MDBs/NDBs for regional restoration (Amazon, Caatinga, semi-arid regions).

03

Improve integration between national strategies (e.g., Climate Plan, Ecological Transformation Plan) and financial flows.

04

Strengthen blended finance mechanisms by involving sub-national banks in co-financing and risk-sharing structures, enabling private sector participation and scaling regional climate infrastructure and restoration projects.

Status

No Progress

Brazil is expanding cooperation with development banks, but dedicated concessional and blended finance channels remain fragmented. Stronger integration with national strategies will be essential to deliver scale in critical mitigation, adaptation, and resilience sectors.

The Clima Project, a US$1 billion sovereign loan from the Brazilian Development Bank and the New Development Bank, supports renewable energy, sustainable mobility, forestry, and waste management.

The Bank of Brazil and the World Bank launched the Climate Finance Project, expanding sustainability-linked lending and private sector access to high-quality carbon markets.

The Brazilian Development Bank and the Asian Infrastructure Investment Bank signed an R$16.7 billion memorandum for COP30 infrastructure, post-disaster recovery, and projects under Novo PAC and the Climate Fund.

Partnerships extend to the Inter-American Development Bank (Green Coalition for the Amazon), the Bank of the Northeast (Caatinga Viva), KfW and AFD (Amazon Fund), and direct Green Climate Fund accreditation.

Leading Actors

Cooperation is required between these actors and audiences to drive progress foward in Enhancing Cooperation Across Development Banks.

Private Financial Institutions

Brookfield

Private Financial Institutions

Vinci Partners

Private Financial Institutions

Pátria Investimentos

Private Financial Institutions

BTG Pactual

Private Financial Institutions

XP Inc.

Public Financial Institutions

Brazilian Development Bank (BNDES)

Public Financial Institutions

Northeast Bank Brazil

Public Financial Institutions

Caixa Economica Federal

Multilateral Development Banks

Inter-American Development Bank (IDB)

Multilateral Development Banks

World Bank

Multilateral Development Banks

Development Bank of Latin America and the Caribbean (CAF)

Multilateral Development Banks

European Investment Bank (EIB)

Multilateral Development Banks

Agence Française de Développement

Multilateral Development Banks

BRICS NDB

International Organizations

Green Climate Fund (GCF)

Ministries

Ministry of Finance (MF)

Ministries

Ministry of Environment and Climate Change (MMA)

Ministries

Ministry of Planning and Budget (MPO)

Ministries

Ministry of Foreign Affairs (Itamaraty)

Other Governmental Organizations

Executive Office of the President or Civil House

Supportive Stakeholders

Federação Brasileira de Bancos (FEBRABAN)

Supportive Stakeholders

Fundação Getulio Vargas (FGV)

Supportive Stakeholders

Instituto do Clima e Sociedade (iCS)

Supportive Stakeholders

Conselho Empresarial de Desenvolvimento Sustentável (CEBDS)

Key Milestones

Showcasing the key reform milestones for Enhancing Cooperation Across Development Banks that have been addressed at global events.

View Roadmap

Brazil

Brazilian Sustainable Taxonomy announcement

View Event
  • Levies on High-emitting Activities

    Develop comprehensive emissions monitoring and verification systems beyond the Emissions Trading System to support accurate, fair, and enforceable emissions-based levies

  • Subsidy Reform

    Improve data systems to evaluate subsidy effectiveness and climate impacts with reliable evidence

Brazil

Plano Safra 2026-2027 announcement

View Event
  • Enhancing Cooperation Across Development Banks

    Integrate subnational PDBs (Amazonian Bank, Brazilian Northeast Bank) more systematically into national climate and development planning processes

  • Guarantees

    Expand guarantee coverage to underutilized sectors such as nature-based solutions, decentralized renewables, and adaptation projects

New York, US

UNGA High-Level Week - United Nations General Assembly

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  • Enhancing Cooperation Across Development Banks

    Implement targeted fiscal measures for agriculture, energy-intensive industries, and transportation, which remain largely outside direct emissions regulation

  • Domestic Carbon Markets

    Channel revenues toward inclusive low-carbon development.

Washington DC, US

Annual Meetings of the IMF and World Bank

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  • Enhancing Cooperation Across Development Banks

    Balance concessional finance flows, expanding dedicated support for adaptation to close the persistent gap with mitigation

  • International Carbon Markets

    Secure international market linkages through strategic agreements.

Location TBC

PRI in Person

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  • Enhancing Cooperation Across Development Banks

    Reform fiscal and regulatory frameworks to expand the scale and flexibility of concessional climate lending

  • Urban and Subnational Finance

    Enable municipal issuance of urban green bonds linked to climate-resilient infrastructure and waste management.

Learn More

Publications and educational material to deepen understanding of Enhancing Cooperation Across Development Banks.

BNDES – Official press release with AIIB

Enhancing Cooperation Across Development Banks

Press release announcing cooperation with KfW IPEX-Bank to mobilize up to EUR 1 billion in sustainable financing projects in Brazil.

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World Bank – Climate Finance Project with Banco do Brasil

Enhancing Cooperation Across Development Banks

Press release on partnership with Banco do Brasil to develop a climate finance solution for agriculture and sustainable sectors.

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IDB – Financing for Banco do Brasil in the Amazon

Enhancing Cooperation Across Development Banks

Press release announcing financing to Banco do Brasil for investments in the Amazon region’s bioeconomy and sustainable infrastructure.

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NDB – BNDES Clima Project

Enhancing Cooperation Across Development Banks

Project page describing the BNDES Clima initiative to support mitigation and adaptation projects in Brazil through sustainable financing.

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