Launching the Alliance of Subnational Development Banks in Latin America
Launching of the Alliance of Subnational Development Banks in Latin America by BDMG, AFD, FMDV and IDDRI.
About this Event
Following the Finance In Common Summit held in November 2020, the opportunity of creating a SDBs Alliance for Latin America has been raised by the Banco de Desenvolvimento de Minas Gerais (BDMG), the French Development Agency (AFD), the Global Fund for Cities Development (FMDV) and IDDRI with the following objectives:
- Align their initiatives, investments, and portfolios with the 2030 Agenda and the sustainable development goals (SDGs) and the Paris Agreement on climate,
- Promote engagement on sustainable investments at the local level through portfolios of sustainable urban and territorial development projects and boost the financial urban and municipal markets;
- Develop a strategic space for dialogues with peers, development institutions, governments, regulators, municipalities, investors and private firms, and technical and financial partners in the region;
- Enhance the strategic role of SDBs and the contribution of the Alliance to the Global Agendas in international fora.
The Latin America SDBs Alliance represents the second regional chapter of the Global Alliance of SDBs after the Africa SDBs Alliance (created in 2016).
This launching event of the Alliance invites representatives from SDBs and NDBs (National Development Banks), national and local governments and PDBs (Public Development Banks) /DFIs (Development Finance Institutions) to exchange on the concept, objectives, and scope of activities of the Alliance, and to share their experiences and vision, with the following agenda: