Latin America and the Caribbean aim to strengthen trade and business relations and cooperation with Europe
ALIDE’s Forty-ninth General Assembly is scheduled to take place in Madrid, Spain to support the biregional sustainable development agenda.
February 12, 2019.- The year 2019 is foreseen to be one of moderate international growth with greater uncertainties stemming from trade-generated tensions, national economic reaccommodation, migratory pressures and technological disruption. These trends are working a change in the make-up of the international economy and in the positioning of Latin America and the Caribbean (LAC) at the global level that calls for strategic measures on the part of the countries.
It is in this context that ALIDE’s Forty-ninth General Assembly, an important annual LAC development banking forum, will be held in Madrid, Spain from May 20 to 22. The meeting will bring together a numerous contingent of more than 300 representatives of the sector, financial institutions and international organizations that will foster strengthened financial and business relations and cooperation with European and international banks and production sectors.
During the meeting, development banking representatives, international experts and European and Latin American authorities will examine the key topic: “European – Latin American Experiences and Financial Cooperation.” The aim will be to look into the potential for relations between the two regions in a context of global tension and the role of development financing institutions in supporting the biregional economic agenda for sustainable development.
Special attention will be given to the issues of trade, investment, transfer of technology and financial and technical cooperation for sustainable development, spheres in which the development banking system plays a prominent role and in which the European region is a strategic ally.
In addition to keynote lectures and panel discussions, workshops will be held specializing in issues of current importance, such as PPPs, local currency financing, sustainable bonds, impact on productivity and competitiveness, and development finance; bilateral talks will also be arranged and other bank-related activities will be offered.
The host for this year’s general assembly is Spain’s Official Credit Institute (ICO), with the sponsorship provided by the Spanish Agency for International Development Cooperation (AECID), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), CAF-Development Bank of Latin America, and the Spanish Development Finance Institution (Cofides) and the collaboration of the French Development Agency (AFD) and Germany’s KfW Development Bank.
ALIDE is the community of financial institutions that generates banking solutions for the development of Latin America and the Caribbean. The activities that it promotes and carries out seek the cohesion and strengthening of the action and participation of financial institutions in the economic and social development process in the region. ALIDE encourages regional integration and financial cooperation with other regions of the world to achieve the mobilization of resources and technology for the development of Latin America and the Caribbean.