Development Banks join forces to address the effects of COVID-19 on Latin America’s production sectors and economies
- Development finance institution representatives hold talks with international organizations in order to construct solutions to the problems created by the pandemic.
- These exchanges take place at the Virtual Meetings of Chief Economists of Development Banks, organized by ALIDE with Financiera Emprendedores and the backing of the Mexican development banking systems.
April 06, 2021- Development Banks join forces to address the effects of the COVID-19 crisis on the Latin American and Caribbean production sectors and economies. They gather with international organizations to build solutions to those problems at Virtual Meetings of Chief Economists of Development Banks, organized by the Latin American Association of Development Financing Institutions (ALIDE) with Financiera Emprendedores and the backing of the Mexican development banking system.
The virtual meetings, entitled “Challenges to Development Banks in Boosting the Region’s Economic Recovery and Momentum,” will take place on April 6 and 8. During the two days of work, high-level executives and chief economists of Latin American banks will discuss priorities and solutions to the pandemic with the representatives of international organizations, considering its impact on the countries’ production, social and entrepreneurial structure.
“Mexico, as the host country, will present this event in coordination with ALIDE, through the entire Development Banking system and Financiera Emprendedores. It intends to continue in the spirit of sharing international experiences that will be useful to the region’s chief economists in supporting their chosen target populations and surmounting more rapidly events of marginalization, poverty and adverse effects being left to us by the pandemic,” stated Juan Carlos Sierra, President of Financiera Emprendedores.
“The Meetings offer a space for reflection and analysis about Latin American development bank action to support the resolution of the crisis by their chief economists, who will offer recommendations and share good practices, together with the regional vision espoused by international organizations,” Eduardo Vásquez, ALIDE’s Head of Institutional Relations, commented.
The Meetings also seek areas of opportunity for presenting alternative solutions in a critical global environment, with a view to boosting economic policy design, together with respect for Development Bank transparency and security within the local ecosystem and in the regional sphere.
The Meetings will be attended by important figures in development finance, like Alicia Bárcena, ECLAC Executive Secretary; Jorge Roldós, Deputy Director of the IMF’s Western Hemisphere Department; Robert Taliercio, World Bank Regional Director; Juan Carlos Sierra, President of Financiera Emprendedores and of the Federación de Colegios de Economistas de la República Mexicana; Carlos Linares, ALIDE President; and Florencia Castro-Leal, Chief Economist of Central America’s CABEI, among others.
In that way, the meetings will present the macro outlook of the international organizations and their vision of the changes taking place in the global economy, together with the development banks’ experience in coaching sustainable recovery and its priorities.
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.