• During the event, experiences of projects that promote sustainable development and gender equality were shared.

September, 23 – 2021- ALIDE participated in the first peer workshop on The role of Subnational Development Banks (SDBs) in financing a post-pandemic resilient urban recovery in Latin America and the Caribbean. The event organized by the Alliance of Subnational Development Banks of Latin America and the Caribbean, was an initiative of Finance In Common and had the support of the Corporación Andina de Fomento (CAF).

During the meeting, representatives of various development finance institutions shared their experiences on the work they do on projects that promote sustainable development and gender equality. In addition, they agreed that it is important to carry out joint work between multilateral banks and subnational banks to promote the development of local projects with positive socio-environmental impact.

ALIDE’s Secretary General, Edgardo Alvarez, highlighted the effort that development banks are making to provide knowledge to the municipalities and local governments with which they work, since their added value beyond the financing they grant, and focuses on the financial training they give to their beneficiaries.

Some of the international institutions participating in the event were the Inter-American Development Bank, Central American Bank for Economic Integration (CABEI), la Agence Française de Développement), el Fondo Mundial para el Desarrollo de las Ciudades (FMDV), el Banco Mundial, el European Investment Bank (EIB), la Economic Commission for Latin America and the Caribbean), FONPLATA and Mercociudades. National financial entities such as Banco de Desenvolvimento de Minas Gerais (BDMG) and Banco Regional de Desenvolvimento do Extremo Sul (BRDE).

About ALIDE

ALIDE is the community of financial institutions that generates banking solutions for the development of Latin America and the Caribbean. Founded in 1968, its main objective is to contribute to the economic and social development of the region, through the good practices in development financing that it promotes among its associates, about 90 institutions with a presence in more than 20 Latin American countries and other regions of the world.

Contact

Andrea Villafranca
Comunication Unit
Telephone: +511-203-5520 |: Ext: 227
comunicaciones@alide.org, comunicaciones2@alide.org
www.alide.org