O sistema de crédito ao desenvolvimento: fundamentos, estrutura e evolução

Resumo

The purpose of this article is to analyse the evolution of long term credit for investments
and its institutions in Brazil and, specifically, in Rio Grande do Sul: The institutions
for this kind of credit are development banks, financialfunds and capital venturecompaniés
which objectives and operational policies are oriented for economic growth. The article
leads us to the conclusion that the Brazilian economic development process induced an
improving geographical decentralization in development banks operations, from world
institutions, likeBIRD, tostate ovmed institutions, like BADESUL, in Rio Grande do Sul,
passing through others continental, national and regional institutions. This trend formed
in Rio Grande do Sul an institutional duality between the regional development bank,
BRDE, and the State development bank. Both subsisted, until now, with no serious
problems, but they deserve, for the future, a reavaluation of each specific role in the oficial
State financial system.