• Initiatives of banks and financial institutions of Guatemala, Brazil, Panama, Mexico, and India were honored.

August 04, 2020.- The Latin American Association of Development Financing Institutions (ALIDE) revealed the list of winners of the ALIDE 2020 Prizes, a contest that recognizes and promotes financial institution innovation and good practices.

Close to twenty Latin American, Caribbean, Spanish and Indian institutions participated in the competition. Products, services and programs were presented that were not only innovative, but also had a positive impact on the countries’ economic and social development.

The prizes on this occasion were awarded to the following financial institutions: Banco de Desarrollo Rural S.A (Banrural) of Guatemala for “Catastrophe microinsurance for agricultural microentrepreneurs”; Banco de Desenvolvimento de Minas Gerais (BDMG) of Brazil for “BDMG hubble hub”; Banco do Nordeste do Brasil for “Innovation hub”; Caja de Ahorros de Panamá for “School Vegetable Gardens Program”; Fideicomisos Instituidos con la Agricultura (FIRA) – Banco de México for “Green bond issuance”; Banco Nacional de Obras y Servicios Públicos, S.N.C. (Banobras) for “Banobras Sustainable Funding Strategy”; and Export-Import Bank of India (Exim Bank) for “Exim Mitra – Exim Bank´s Trade Promotion Portal”.

The ALIDE Prizes are known to have been created in 2008 to identify and honor the best practices of development banks, as well as to grant recognition to the role played by those institutions in the social and economic progress of the region’s countries.

Examine the winning BEST PRACTICES.

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

Hanguk Yun
Officer, Comunication Unit
Telephone: +511-203-5520 |: Ext: 226
comunicaciones@alide.org
www.alide.org