Desenvolve SP became a new member of ALIDE

  • The financial institution of the Government of the State of São Paulo seeks to promote sustainable development through profitable financial solutions that create value

March 31, 2022- Desenvolve SP – Agência de Fomento do Estado de São Paulo S.A. became an active new member of The Latin American Association of Development Financing Institutions (ALIDE)  with the purpose of becoming part of the network of banks and financial institutions in the region that works for the economic and social development of Latin America and the Caribbean.

The general secretary of ALIDE, Edgardo Alvarez, reiterated the satisfaction of having the Brazilian institution as a member of the Association, and emphasized that the entity he represents seeks to strengthen the action and participation of financial institutions in the development of the region, therefore ALIDE will support Desenvolve SP with the objectives it wants to achieve in its country. 

Desenvolve SP was founded in 2008 as a financial institution of the São Paulo State Government. Currently its president director is Sergio Gusmao and its mission as an organization is to promote the sustainable development of the São Paulo economy through profitable financial solutions that create value.

Also, Desenvolve SP is part of the National System for Productive Transformation and Competitiveness, which aims to promote productive and innovative economic development with sustainability, social equity and environmental and territorial balance.

With Desenvolve SP’s participation in ALIDE, the Brazilian agency will be able to strengthen ties with more than 80 member entities, including national, regional and extra-regional institutions. Moreover, it will be able to participate in specialized events for development banking and take part in training and experience exchange programs on financing for productive, social and green banking sectors. 

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.

About Desenvolve SP

Desenvolve SP – Agência de Fomento do Estado de São Paulo S.A. is a financial institution of the Government of the State of São Paulo that offers the best financing options to make companies growth projects a reality. The public agency supports sustainable development of the economy through profitable financial solutions that create value and foster economic and social growth, employment generation and income in the state of São Paulo. 

Contact

Andrea Villafranca
Communications Unit of ALIDE
Phone: +511-203-5520 |: Ext: 227
comunicaciones@alide.orgcomunicaciones2@alide.org
www.alide.org