• The organization representing the region’s development banks celebrated its anniversary by proposing new lines of coordinated action by the banking sector.

January 21, 2020.- The Latin American Association of Development Financing Institutions (ALIDE) celebrated its 52nd anniversary on January 24th by putting forward new lines of coordinated action for the region.

Specifically speaking, the organization representing the development banks of Latin America and the Caribbean seeks to enhance its efforts to strengthen the impact of the banking sector on reaching the Sustainable Development Goals (SDG) and its presence and cooperation with Caribbean development finance institutions, thereby contributing to the interregional relationship.

“We want to move ahead in making ALIDE a venue where all Latin American and Caribbean banks can come together. In keeping with this, one of the principal lines of strategic action is to favor closer relations with the Caribbean development financing institutions,” stated Carlos Linares, President of the Association at the ceremony celebrating ALIDE’s anniversary.

“We must continue to work on matters that are important to our member institutions and to incorporate issues connected with the SDG among our activities,” added the also President of Corporación Financiera de Desarrollo (Cofide) of Peru.

Among other specific functions, ALIDE fosters cooperation among its member institutions –mainly development banks, but also guarantee funds, savings banks, and international financial organizations, etc.– , by strengthening relations through a variety of services like international meetings, missions to extra-regional countries, technical assistance, training, studies and research, and knowledge dissemination.

For that reason, creating links with institutions in other regions of the world, regional and multilateral international organizations and agencies for cooperation has been a priority throughout its history. Today, in addition to its activities in Latin America and the Caribbean, ALIDE has member institutions in Europe, Asia and North America.

“We contribute to the economic development and social welfare of the region through our efforts to strengthen, and the success of, the programs of our member institutions. That is our role, the task we are always seeking to accomplish,” stated ALIDE Secretary General, Edgardo Alvarez.

About ALIDE
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.

Press Contact
Hanguk Yun
Responsable de Comunicación Social de ALIDE
Teléfono: +511-203-5520 |: Ext: 226
comunicaciones@alide.org
www.alide.org