Importance of Brazilian Development Bank for Economy and Trade
Development banks provide certain opportunities and contribute to economic growth is thanks to its activities effectiveness (performance assessment systems). The author concludes that the BNDES performance monitoring and evaluation system ensures the achievement of strategic goals (currently, a 4-level hierarchy of goals is used). BNDES uses a results integration model that takes into account the relationship of goals, the “transformation” of costs into indicatorscorresponding to each industry (indicators assess the achievement of goals). According to the author, the most important indicators to estimate the impact of BNDES on the national economy are: the ratio of GDP to funding and gross fixed capital formation (GFCF).