The Development Bank of Minas Gerais (BDMG, in Portuguese) and the Development Bank of Southern Africa (DBSA) announced, during the Brazil Africa Forum 2020, the signing of a Memorandum of Understanding focused on the sharing of technology and good practices.
The BDMG President, Sérgio Gusmão Suchodolski, says that the partnership reinforces the importance of dialogue between the two sides of the Atlantic. “The memorandum is anchored in the sharing of our digital platform, which we have been operating since 2012, and we were the first development bank in Brazil to create such a platform for micro and small companies and it has been extremely important in this time of pandemic”.
Suchodolski also points out that BDMG will be able to learn about financial instruments operated by DBSA, such as the Green Climate Funding.
For DBSA CEO Patrick Dlamini, the exchange of good digital practices with BDMG will be an asset for development in the Southern Africa region. “We intend to learn from BDMG how to operationalize our digitalization and our processes. We want to make sure that we can better contribute to inclusive economic growth in both countries” says Patrick Dlamini.
This is the first partnership of its kind between development banks from Brazil and Africa.