7th World Congress: ALIDE moderates session on sustainable rural and agricultural development in LAC
- During the first day of the event, the current situation of the agricultural sector was analyzed and experiences were shared in regard to programs and mechanisms for confronting its challenges.
23 de noviembre 2022- The Latin American Association of Development Financing Institutions (ALIDE) moderated the session on “Sustainable Rural and Agricultural Development Finance in LAC. Role of the National Public Development Banks” during the 7th World Congress on Rural & Agricultural Finance being held in Morelia, Mexico.
The proceedings focused on examining the efforts of public development banks to promote the financing of sustainable agriculture and boost rural development in Latin America and the Caribbean.
“Agricultural production is closely related to the soil and nature. Agricultural sciences are categoric in this regard. Only through agroecological practices can sustainable models be developed and for that reason they are so important,” stressed Claude Torre, French Development Agency (AFD) project manager.
Moderator Romy Calderón, ALIDE’s Head of Economic Studies and Information, for his part, explained that “as of the pandemic, the agricultural sector, in Latin America’s case, has been operated as a strategic sector” because it showed itself to be important for ensuring the continued flow of food products to the people’s homes and their tables.
During the session, Banco de la República Oriental del Uruguay (BROU) and Banco de la Provincia de Buenos Aires (BAPRO) also shared experiences and initiatives in supporting the agricultural sector.
After commenting that livestock breeding is Uruguay’s foremost export activity, Gabriela Fernández, BROU Executive Manager, asserted that her institution is, historically speaking, the bank that has continued to support the agricultural sector.
During the second day’s sessions, themes were discussed relating to the blue economy, product value chains, green finance and guarantee systems as driving forces for agricultural finance.
More about the event
The 7th World Congress on Rural & Agricultural Finance, organized by ALIDE, is being held from November 23 to 25 at the central headquarters of Fideicomisos instituidos en Relación con la Agricultura of Banco de México (FIRA) in Morelia, Mexico.
The event brought together more than 300 financial entities and institutions of Africa, the Near East, Asia, Europe, Latin America and Ibero America, which gathered to examine the principal challenges to agricultural development and boost credit and the finance of agricultural undertakings through innovation and technology.
The Congress will also make it possible to create an awareness of the importance of the rural and agricultural sector for confronting hunger and attaining sustainable and inclusive food security in the world.
It should be stressed that the event was organized in coordination with the Asia-Pacific Rural and Agricultural Credit Association (APRACA), the African Rural and Agricultural Credit Association (AFRACA), the International Confederation for Agricultural Credit (CICA), and the Near East-North Africa Rural & Agricultural Credit Association (NENARACA).
The Fideicomisos Instituidos en Relación con la Agricultura, FIRA, are four public trusts in the nature of institutions of the Federal Public Administration, in which the Secretariat of the Treasury and Public Credit operates as trustor and Banco de México as the trustee. Its purpose is to facilitate access to credit by means of loan and discount operations and by granting loan guarantees to agricultural, livestock, poultry, agribusiness, fishery and other related projects carried out in rural areas of Mexico.
ALIDE is the community of financial institutions that produce banking solutions for Latin American and Caribbean development. Founded in 1968, its main purpose is to contribute to the region’s economic and social development by promoting the use of good development finance practices among its members. It is comprised of more than 80 member institutions operating in over 20 countries of Latin America and other regions of the world.
Comunnications Unit of ALIDE
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