New Developmentalism has consolidated a sophisticated macroeconomic framework — centered on the coordinated management of the five macroeconomic prices — as part of a broader structural strategy for economic development. Yet, the theory still lacks a coherent and comprehensive political–institutional model capable of sustaining this strategy over time. This article addresses this theoretical gap by proposing a renewed institutional configuration for the Developmental State in Brazil: The Developmental Network State (DNS). Grounded in the principles of embedded autonomy and decentralization, and operationalized through mechanisms of targeted resourcing, opening windows, brokering, and facilitation, the DNS provides the institutional foundations required to realize the ultimate causes of growth in New Developmentalism — namely, the structural, political, and organizational conditions that enable sustainable, inclusive, and sovereign development. The analysis demonstrates that Brazil’s National Development System (Sistema Nacional de Fomento – SNF) already offers a latent institutional infrastructure that can be strategically reoriented to embody the DNS model.