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What are the human rights obligations of the BNDES? [Brazil]

Author: Conectas Human Rights, Published on: 12 December 2013

…What happens…when…[human rights]…violations are committed by companies…financed by state institutions? This…was the topic of [a]…panel of the 2nd UN Forum on Business and Human Rights...Juana Kweitel, program director at Conectas, participated in the meeting and analyzed the role of the Brazilian Development Bank (BNDES) in light of the UN Guiding Principles on Business and Human Rights…When the public company is a financial institution, such as the case with the BNDES, this responsibility extends to the private projects it finances…Throughout the presentation, four areas were exposed in which the bank needs to change its practices: the lack of a policy of active transparency…[and] for guaranteeing the rights of the most vulnerable populations…the lack of clear rules governing the international activities of the bank…and…of an ombuds office with a clear procedure for handling complaints…

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Related companies: BNDES