Sergio Gusmão Suchodolski

President, Development Bank of Minas Gerais (BDMG)

BDMG (Banco de Desenvolvimento de Minas Gerais) is the Subnational Development Bank of the Brazilian state of Minas Gerais. As a financial intermediary, their mandate is to catalyze public and private financing and channel it to local governments and stakeholders, thereby contributing to closing the subnational financial gap. As last-mile experts, they offer both financial support (providing loans to 450 cities), as well as technical assistance for project preparation to structure pipelines of bankables projects.

Together with the French Development Agency (AFD), the Global Fund for Cities Development (FMDV), and the Institute for Sustainable Development and International Relations (IDDRI), BDMG launched the Alliance of SDBs in Latin America and the Caribbean, to reinforce the strategic role of SDBs to accelerate the implementation of the SDGs and the Paris Agreement at the local level.