ALIDE and S&P Global Market Intelligence form alliance to promote specialized financial training
November 14, 2019.- The Latin American Association of Development Financing Institutions (ALIDE) and S&P Global Market Intelligence formed an alliance to work together in conducting training activities in banking and finance issues, particularly through webinars, in order to contribute experiences in best banking practices in Latin America’s financial sector.
As part of this endeavor, a webinar was held on November 12, entitled “Evaluation of infrastructure credit risk using ESG criteria.” The activity brought together simultaneously executives of bank and financial institutions of 18 Latin American and Caribbean countries and the United States; all told, 187 sector representatives participated.
Jorge Montesinos, head of ALIDE Training and Cooperation, had this to say about the webinar: “It proved to be an excellent experience for ALIDE, inasmuch as a responsive, modern and low-cost channel was made available for sharing knowledge about a subject of great importance to the region. We see our alliance with S&P Global Market Intelligence as being highly positive for developing new activities on subjects like accounting standards, prevention of money laundering and the financing of terrorism, and sustainable finance.”
In deciding on the topic to be addressed, ALIDE and S&P Global Market Intelligence considered the difficulty of evaluating solvency and losses in the financing of infrastructure projects, a key sector for Latin America’s development. S&P Global Market Intelligence’s credit models were presented in the webinar, providing a framework in which to deal with the current economic and political climate and to evaluate the possibility of non-compliance in Project Finance-type projects.
Specifically speaking, in the webinar, systematic elements were discussed that affect Project Finance credit evaluation, evaluations apart from the construction risk and the operation risk; risk transfers, dependency on critical counterparts and linkage with the sovereign risk; and incorporation of the analysis of environmental, social and governance elements (ESG).
Teaching this information was Carlos Guglielmo, S&P Global Market Intelligence Senior Global Risk Services Director.
ALIDE is the community of financial institutions that generates solutions in Latin America and the Caribbean. Its main objective is to contribute to the economic and social development of the region, through good practices in the financing of development, the promotion of its members, through cohesion activities and strengthening the participation of financial institutions in the process regional economic.