The Caribbean Development Bank (CDB) became an adherent member of ALIDE
- The CDB participated as a new member in the 53rd ALIDE General Assembly in Honduras.
June 14, 2023- Caribbean Development Bank joined as an adherent member of the Latin American Association of Development Financing Institutions – ALIDE with the purpose of contributing to the integration and economic and social growth of Latin America and the Caribbean.
The incorporation of Caribbean Development Bank into ALIDE will also contribute to the financial collaboration and exchange of knowledge and experience among the development finance institutions in Latin America and the Caribbean.
«We are excited about this opportunity and moving forward with the development of the region, hand in hand with ALIDE», highlighted Dr. Hyginus ‘Gene’ Leon, President of the CDB since May 4, 2021.
With the participation of the CDB in ALIDE, the presence of the Association in the Caribbean will be greatly strengthened together with other members such as Korpodeko, AIB, DFC Belize and Caricom Development Fund.
It should be noted that, as a new member of the Association, the multilateral organization participated in the 53rd ALIDE General Assembly that was held from May 31 to June 2 in San Pedro Sula, Honduras.
To that effect, the Secretary General of ALIDE, Edgardo Alvarez, highlighted the presence of the President of the CDB in the First Plenary Session “Role of Public Policies to Attract World-Class Investors and the role of Development Banks.”
“It was a great honor to have the valuable participation of president Gene León in the ALIDE Assembly and his vision to promote development,” said Alvarez.
The Caribbean Development Bank was founded on October 18, 1969, with the purpose of reducing inequality and extreme poverty in the Caribbean, by supporting inclusive and sustainable growth and promoting good governance.
Annual Meeting of the Board of Governors
This meeting brought together the members of the highest decision-making body of the Caribbean Development Bank until June 23 to discuss the main development challenges faced by the Region and discuss innovative solutions.
The central theme this year was “Marshalling Finance for Development: Access to Adequate and Affordable Financing.”
In addition, it aimed to address sustainable financial solutions for regional development, and greater inclusion of private sector partners are high on the agenda.
ALIDE is the community of financial institutions that produce banking solutions for Latin American and Caribbean development. Founded in 1968, its main purpose is to contribute to the region’s economic and social development by promoting the use of good development finance practices among its members. It is comprised of more than 80 member institutions operating in over 20 countries of Latin America and other regions of the world.