Development Banking gathered in Argentina and committed to fostering the financing of the infrastructure

  • The initiative was announced by the president of the European Investment Bank (EIB), Werner Hoyer, and will be taken up as a recommendation to the Argentinean Presidency of the G20.
  • ALIDE participated as an observer in the executive committee of the Long Term Investors Club (LTIC), an organization comprised of 18 financial institutions and institutional investors, mainly from the countries that comprise the G20.

September 13, 2018.- Recently, the city of Buenos Aires, Argentina staged a series of important activities for the international Development Banking sector. The most representative of those was the “Sixth Conference of the D20 and Third Meeting of Development Banks”, during which the banks from the G20 agreed to work jointly in order to foster financing the infrastructure.

The initiative was announced by the president of the European Investment Bank (EIB), Werner Hoyer and will be taken up as a recommendation to the Argentinean Presidency of the G20. The document aims at increasing the resources available for the concretion of these projects, working on the factors that limit the financing of infrastructure at the international level.

The event organized by the Argentine Investment and Foreign Trade Bank (BICE) featured public servants, entrepreneurs and important bankers, such as the general manager of Nacional Financiera (Nafin) of Mexico and president of ALIDE, Jacques Rogozinski; the general manager of Banco Nacional de Comercio Exterior (Boancomext), Francisco González Díaz; the secretary general of ALIDE, Edgardo Alvarez; and the vice president of the Industrial Development Fund of Saudi Arabia, Noor Shabib.

The event had the institutional support from the Inter-American Development Bank (IDB); the Development Bank of Latin America (CAF), the Long Term Investors Club (LTIC) and the World Bank.

LTIC and LTIC-D20
In its capacity as a member institution, the BICE organized the executive committee of the Long Term Investors Club (LTIC), comprised of 18 financial institutions and institutional investors, mainly the countries that comprise the G20. The meeting featured the participation of ALIDE as an observer, which was represented by its president, Jacques Rogozinski and its secretary general, Edgardo Alvarez.

During the meeting, the European Investment Bank (EIB) presented the financial product labeled Sustainable Awareness Bonds (SABs), an instrument that combines the social aspect with the environmental aspect in order to generate benefits with greater impact and which goes along the line of the bank’s goals for sustainable development.

On the other hand, the BICE also organized the D20 meeting, gathering the LTIC entities together with the rest of the development banks from the G20 countries that are not members of the LTIC.

ALIDE’s Board of Directors
Within the framework of these activities, the CXLIX Meeting of ALIDE’s Board of Directors was held on September 11. The Board of Directors conducts and steers the activities of the association. The institutional topics discussed during the meeting included the 2018-2019 Work Program, the preparations for the 49th General Assembly, the cooperation coordinations carried out with international organizations, among other issues of special relevance for the organization that comprises the Latin American and Caribbean Development Banking.