Instituições Financeiras Globais diante das Mudanças Climáticas: O Papel do Banco Mundial e do Novo Banco de Desenvolvimento (NBD)

Jacqueline A. Haffner; Júlia Driemeier Vieira Rosa

doi:10.5354/0719-3769.2025.80251

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Global Financial Institutions and Climate Change: The Role of the World Bank and the New Development Bank (NDB)

Authors

Jacqueline A. Haffner UFRGS https://orcid.org/0000-0001-7354-0380
Júlia Driemeier Vieira Rosa UFRGS https://orcid.org/0009-0003-3938-9084

Vol. 57 No. 212 (2025): September-December

https://doi.org/10.5354/0719-3769.2025.80251

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Abstract

This article examines the role of Multilateral Development Banks (MDBs) in climate finance, focusing on the World Bank and the New Development Bank (NDB). It investigates the gaps these institutions can address to better align climate resources with the needs of developing countries. Grounded in the development of new institutional practices in response to climate change, the study adopts a methodology based on literature review and secondary data analysis. Sources include the Joint Report on Multilateral Development Banks’ Climate Finance and institutional documents from both banks. The theoretical framework is Institutional Political Economy, which provides tools to understand institutional creation and transformation. The aim is to contribute to the academic debate on how MDBs can promote more equitable and effective approaches to global climate finance.

Keywords:

Bancos Multilaterais de Desenvolvimento , Banco Mundial , Novo Banco de Desenvolvimento , Instituições , Desenvolvimento

Author Biographies

Jacqueline A. Haffner, UFRGS

Economist, PhD in Economic History and postdoctoral researcher in Economics. Professor at the Department of Economics and International Relations (DERI) at the Federal University of Rio Grande do Sul (UFRGS) and at the Graduate Program in International Strategic Studies (PPGEEI). Coordinator of the Research Center on the BRICS (NEBRICS/UFRGS). Email: jacqueline.haffner@ufrgs.br ORCID: https://orcid.org/0000-0001-7354-0380

Júlia Driemeier Vieira Rosa, UFRGS

Researcher at the Center for Research on BRICS (NEBRICS/UFRGS). Internationalist, Master in International Strategic Studies from the Federal University of Rio Grande do Sul (UFRGS) – Brazil. Email: 00576672@ufrgs.br ORCID: https://orcid.org/0009-0003-3938-9084

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How to Cite

Haffner, J. A., & Driemeier Vieira Rosa, J. (2025). Global Financial Institutions and Climate Change: The Role of the World Bank and the New Development Bank (NDB). Estudios Internacionales, 57(212). https://doi.org/10.5354/0719-3769.2025.80251