ALIDE assumed the general secretariat and the presidency of WFDFI
- The Secretary General’s Report (2021) and the Work Plan for 2021-2022 were also presented during the meeting of the Board of Governors.
April 6, 2022- The Latin American Association of Development Financing Institutions (ALIDE) assumed the General Secretariat and Presidency of the World Federation of Development Financing Institutions (WFDFI) at the last meeting of that organization’s Board of Governors held on April 4.
Carlos LinaresandEdgardo Alvarez, ALIDE President and its Secretary General, respectively, assumed the Presidency and General Secretariat of the WFDFI, the global organization made up of the associations of development finance institutions of Africa, Asia and the Pacific, Latin America and the Caribbean, Europe and the Middle East.
Carlos Linares is a prominent economist with a 40-year professional career and experience in heading public institutions and at present is the President of COFIDE, the Development Bank of Peru.
Edgardo Alvarez, for his part, is an executive specialized in corporate management with over 25 years of experience in commercial banking, development banking and investment banking.
Board of Governors
The WFDFI’s 2022 Board of Governors Meeting at which ALIDE assumed the organization’s Presidency and General Secretariat for a three-year period was held on April 4. Present were the Secretaries General of the Association of African Development Finance Institutions (AIAFD / AADFI), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (ADFIMI) and the President of the European Association of Long-Term Investors (ELTI).
During the meeting, the opening address was delivered by former WFDFI President, Thabo Thamane; the Secretary General’s Report was read, describing the programs and activities carried out over the year 2021, prominent among them the construction of the Knowledge Hub; and the work plan for 2021-2022 was presented.
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.
The World Federation of Development Financing Institutions (WFDFI) upholds the primacy of its commitment to the development of the regional associations as well as individual member-DFIs, varied and diverse may they and their programs be. More particularly, it supports not only the traditional role of development banking but also the more aggressive thrust of diversification now gaining foothold in most DFIs in order to ensure the continued impact of DFIs in the economic development of their respective areas.