ALIDE participated in a meeting on banking and sustainable development in the Caribbean region
- During his speeches, the secretary general of the association, Edgardo Alvarez, shared experiences of sustainable development in Latin America and presented proposals in the area of information and knowledge management.
July 31, 2019.- As part of the representation of international organizations, the secretary general of ALIDE, Edgardo Alvarez, was invited to participate in the conference “Development Banking in the Caribbean: a regional approach for sustainable development”, organized by the Caribbean Development Bank (CDB) and the Development Bank of Santa Lucia.
During the conference, held between July 24 and 26, the representatives from financial institutions and government authorities, mainly from countries and territories from the Caribbean region, discussed issues regarding the circumstances of the Development Banking sector, such as climate change, trade tensions, economic stability, strategic planning and regional integration.
The secretary general made a dissertation on sustainable development and information and knowledge management. In his first speech, he shared experiences on the sustainable financing that Development Banking is materializing in Latin America. He underscored the contribution from the network integrated by ALIDE to the mitigation of climate change and identified the boom in the market for green bonds.
In the second intervention, the issue discussed was information and knowledge management in Development Banking, a key tool to optimize the management of the institutions, which has taken on greater relevance in decision-making with the progress and advent of new information technologies.
“What is not known does not exist”, said Alvarez, urging the development banks to have an adequate information system which contemplates not only the basic and necessary financial information, but which also allows to track the social impact of its actions. Following up on the results helps with the internal monitoring, but also helps identify the contribution to the Sustainable Development Goals (SDGs).
To that effect, the secretary general of ALIDE made the presentation titled “Information and Knowledge Management in the Development Banking System”, during which he analyzed trends, described the experiences of various banks, presented ALIDE’s knowledge network system and proposed some recommendations for optimizing the information systems in Caribbean banks.
Specifically, he recommended the creation of a platform that serves as a vehicle for the management and transmission of knowledge on Development Banking, as well as the identification and dissemination of best banking practices. Lastly, he insisted on the creation of a database regarding financial institutions from Latin America and the Caribbean.
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.