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1918 — CGD developed general banking operations. 1924 — CGD acquired Banco Financial Português in Brazil. 1969 — CGD, a public service subject to the state's administrative rules, became a state-owned company. 1974 – CGD acquired a 5% stake in Banco Itaú when Itaú acquired Banco Português do Brasil, founded in 1918.
CGD hosts an annual lecture series called the Sabot Lecture series, in honor of the late development economist Richard "Dick" Sabot. Each year, the Sabot Lecture hosts a scholar-practitioner who has made significant contributions to international development, combining academic work with leadership in the policy community.