ALIDE participates in high-level dialogue on cooperation for sustainable growth in Latin America
• ALIDE Secretary General, Edgardo Alvarez, made a presentation on the progress of the regional development banks at the forum organized by Fonplata and LatinFinance.
March 7, 2020.- ALIDE participated in the Integration and Development Forum organized by Fonplata and LatinFinance, together with representatives of development banks, international organizations, investors, and government officials. The purpose of the forum was to put into play a high-level dialogue for the purpose of expanding cooperation in areas of priority for the region’s sustainable growth.
This activity took place for the first time on March 5th and 6th in Montevideo, Uruguay. Successful experiences with financing and opportunities for developing new projects were revealed in the presence of Ministers of state, Presidents of banks and representatives of international organizations. The discussion centered on development in the southern cone of Latin America, social challenges to economic development, international trade and integration, and infrastructure and energy.
The Secretary General of ALIDE, Edgardo Alvarez, took part in the discussions and presented a paper on the threats, challenges, and resource potential of development banks, financing needs and initiatives of financial institutions in specific areas like climate and infrastructure finance. The representative of the international organization gave a detailed account of sector assets and the banking portfolio, together with the evolution of those financial indicators over the past eight years.
In addition to the figures, he also discussed the principal trends that influence the sector, such as the technological revolution, demographic changes, climate change, and the reduced vigor of capital flows, among others. On another note, he explained the challenges that must be confronted, like financial inclusion and integration, support for SME and employment, physical and social infrastructure, the environment and climate change, and innovation and technological development.
See the presentation HERE.
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.