{"id":23670,"date":"2022-10-07T18:43:57","date_gmt":"2022-10-07T18:43:57","guid":{"rendered":"https:\/\/www.alide.org.pe\/?page_id=23670"},"modified":"2023-01-18T17:43:28","modified_gmt":"2023-01-18T17:43:28","slug":"economists-from-latin-american-development-banks-our-region-has-a-historic-opportunity-to-change-its-productive-matrix-and-to-develop","status":"publish","type":"page","link":"https:\/\/www.alide.org.pe\/en\/economists-from-latin-american-development-banks-our-region-has-a-historic-opportunity-to-change-its-productive-matrix-and-to-develop\/","title":{"rendered":"Economists from Latin American development banks: &#8220;Our region has a historic opportunity to change its productive matrix and to develop\u201d"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row 0=&#8221;&#8221;][vc_column 0=&#8221;&#8221;][vc_empty_space 0=&#8221;&#8221; height=&#8221;10px&#8221;][\/vc_column][\/vc_row][vc_row 0=&#8221;&#8221;][vc_column parallax=&#8221;content-moving&#8221; width=&#8221;1\/6&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_images_carousel images=&#8221;23460,23462&#8243; img_size=&#8221;full&#8221; css=&#8221;.vc_custom_1665168007769{margin-bottom: -15px !important;padding-bottom: -50px !important;}&#8221;][vc_custom_heading 1=&#8221;Latinoamericana&#8221; 2=&#8221;sobre&#8221; 3=&#8221;Financiamiento&#8221; 4=&#8221;e&#8221; 5=&#8221;Impulso&#8221; 6=&#8221;de&#8221; 7=&#8221;los&#8221; 8=&#8221;Negocios&#8221; 9=&#8221;e&#8221; 10=&#8221;Inversiones&#8221; 11=&#8221;Internacionales&#8220;&#8221; text=&#8221;Economists from Latin American development banks: &#8220;Our region has a historic opportunity to change its productive matrix and to develop\u201d&#8221; font_container=&#8221;tag:h3|text_align:center|color:%23013c7b&#8221; google_fonts=&#8221;font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:700%20bold%20regular%3A700%3Anormal&#8221; css=&#8221;.vc_custom_1665167618658{margin-bottom: 20px !important;border-bottom-width: 25px !important;}&#8221;][vc_column_text 0=&#8221;&#8221; css=&#8221;.vc_custom_1665167789718{margin-top: 10px !important;margin-bottom: -5px !important;border-top-width: 25px !important;border-bottom-width: 5px !important;padding-bottom: 28px !important;}&#8221;]<\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">The declaration is part of the document agreed upon today by the chief economists and the authorities of 14 development banking countries in Latin America and the Caribbean.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:709,&quot;335559739&quot;:150,&quot;335559740&quot;:240,&quot;335559991&quot;:142}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">It was during a meeting organized by the Latin American Association of Financial Institutions for Development (ALIDE), the Argentine Development Bank BICE and Banco de la Provincia de Buenos Aires (BAPRO).<\/span><\/li>\n<\/ul>\n<hr \/>\n<p>[\/vc_column_text][vc_column_text 0=&#8221;&#8221;]<span style=\"color: #009de5;\"><strong>September 21, 2022- <\/strong><\/span><span data-contrast=\"none\">The economists from the development banks of Latin America and the Caribbean agreed today that the region \u201chas a historic opportunity to change its productive matrix and to develop.\u201d It was during a meeting organized by the <\/span><a href=\"https:\/\/www.alide.org.pe\/\"><span data-contrast=\"none\">Latin American Association of Financial Institutions for Development (ALIDE)<\/span><\/a><span data-contrast=\"none\">, the <\/span><a href=\"https:\/\/www.bice.com.ar\/\"><span data-contrast=\"none\">Argentine Development Bank BICE<\/span><\/a><span data-contrast=\"none\"> and <\/span><a href=\"https:\/\/www.bancoprovincia.com.ar\/home\"><span data-contrast=\"none\">Banco Provincia<\/span><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The <\/span><a href=\"https:\/\/www.alide.org.pe\/wp-content\/uploads\/2022\/09\/Invitacion-general_reunion-economistas_v010922.pdf\"><span data-contrast=\"none\">Third Meeting of Chief Economists<\/span><\/a><span data-contrast=\"none\"> of the region was attended by representatives of 14 countries and multilateral financing organizations such as the <\/span><a href=\"https:\/\/www.iadb.org\/es\"><span data-contrast=\"none\">Inter-American Development Bank (IDB)<\/span><\/a><span data-contrast=\"none\">, the <\/span><a href=\"https:\/\/www.bancomundial.org\/es\/home\"><span data-contrast=\"none\">World Bank<\/span><\/a><span data-contrast=\"none\">, the <\/span><a href=\"https:\/\/www.caf.com\/\"><span data-contrast=\"none\">Development Bank of Latin America (CAF)<\/span><\/a><span data-contrast=\"none\">, and <\/span><a href=\"https:\/\/www.fonplata.org\/es\"><span data-contrast=\"none\">FONPLATA<\/span><\/a><span data-contrast=\"none\">. \u201c<\/span><i><span data-contrast=\"none\">Because of our role, we have the possibility of maximizing the quality that distinguishes us, which is the contribution to the development of our countries. Rethinking together the issue of how to change the productive matrix is \u200b\u200bcentral at this time<\/span><\/i><span data-contrast=\"none\">\u201d, stated Mariano de Miguel, president of the Argentine Development Bank BICE, at the opening of the conference day.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201c<\/span><i><span data-contrast=\"none\">The first day has allowed us to discuss critical aspects of development financing and the role of our institutions in the current context and in the world. The different approaches to support the integration of our SMEs into the regional and global value chains, as well as the role of sustainable finance in our countries and economies<\/span><\/i><span data-contrast=\"none\">\u201d, said the president of ALIDE and the <\/span><a href=\"https:\/\/www.cofide.com.pe\/\"><span data-contrast=\"none\">Development Finance Corporation (COFIDE)<\/span><\/a><span data-contrast=\"none\">, Carlos Linares.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201c<\/span><i><span data-contrast=\"none\">Participating in these venues of discussion at the regional level only strengthens a work agenda that we began almost 3 years ago in order to put public banks back at the service of production, innovation and proximity to the people of Buenos Aires, especially in this historical framework that our Bicentennial has meant.<\/span><\/i><span data-contrast=\"none\">\u201d assured the president of <\/span><a href=\"https:\/\/www.bancoprovincia.com.ar\/home\"><span data-contrast=\"none\">Banco Provincia<\/span><\/a><span data-contrast=\"none\">, Juan Cuattromo.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The meeting held today at the BICE headquarters was also attended by the presidents of <\/span><a href=\"https:\/\/www.alide.org.pe\/wp-content\/uploads\/2022\/09\/Invitacion-general_reunion-economistas_v010922.pdf\"><span data-contrast=\"none\">ALIDE<\/span><\/a><span data-contrast=\"none\"> and the <\/span><a href=\"https:\/\/www.cofide.com.pe\/\"><span data-contrast=\"none\">Development Finance Corporation (COFIDE)<\/span><\/a><span data-contrast=\"none\">, Carlos Linares; <\/span><span data-contrast=\"none\">Banco Hondure\u00f1o para la Producci\u00f3n y la Vivienda<\/span><span data-contrast=\"none\">, Edwin Araque; <\/span><a href=\"http:\/\/www.banadesa.hn\/\"><span data-contrast=\"none\">Banco Nacional de Desarrollo Agr\u00edcola of Honduras<\/span><\/a><span data-contrast=\"none\">, Erlyn Menjivar Rosales; the <\/span><a href=\"https:\/\/www.afd.gov.py\/\"><span data-contrast=\"none\">Financial Development Agency of Paraguay<\/span><\/a><span data-contrast=\"none\">, Teresa de Velilla, and <\/span><a href=\"https:\/\/www.bnf.gov.py\/\"><span data-contrast=\"none\">Banco Nacional de Fomento<\/span><\/a><span data-contrast=\"none\"> of that country, Manuel Ochipintti; and the Executive Director of the <\/span><a href=\"https:\/\/korpodeko.cw\/\"><span data-contrast=\"none\">Sustainable Development Corporation of <\/span><\/a><span data-contrast=\"none\">Cura\u00e7ao<\/span><span data-contrast=\"none\">, Chesron Isidora.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p>[\/vc_column_text][vc_single_image image=&#8221;23470&#8243; img_size=&#8221;large&#8221;][vc_column_text 0=&#8221;&#8221;]<span data-contrast=\"none\">The statement issued indicates that LAC still has significant gaps in its level of development compared to advanced economies, with its consequent level of inequality.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">For economists, however, the end of the pandemic, the war and the changes in the global economic system represent a unique moment for the utilization of resources and their transformation into goods with greater added value and technological content.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201c<\/span><i><span data-contrast=\"none\">Our countries have large supplies of natural resources, mainly due to a pattern of specialization based on fuels, minerals and primary products. Although many nations have a long manufacturing tradition, we still have a long way to go in adding value to our products and in generating more and better technological capabilities. Our region today has a historic opportunity to change its productive matrix and to develop. As development banks, we assume the commitment to supporting the policies and measures aimed at promoting this process<\/span><\/i><span data-contrast=\"none\">.\u201d, the document states.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The declaration also refers to the need to strengthen regional integration as another strategic step to achieve development. It underscores the decision to expand and facilitate access to financing for small and medium-sized companies, industries with the capacity to compete internationally, renewable energies and projects led by entrepreneurs, young people and women.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The document with the conclusions and proposals signed today will be presented at the <\/span><a href=\"https:\/\/events.eib.org\/event\/aa6757cd-f102-469b-8f44-8cdaac13c442\/summary\"><span data-contrast=\"none\">next Summit<\/span><\/a><span data-contrast=\"none\"> of <\/span><a href=\"https:\/\/financeincommon.org\/\"><span data-contrast=\"none\">Finance in Common (FiCS)<\/span><\/a><span data-contrast=\"none\">, which will be held on October 19 and 20 in Abidjan, Ivory Coast. In this sense, it underscores the commitment to sustainable finances for the fulfillment of the Sustainable Development Goals (SDGs) of the United Nations (UN) and the Paris Agreement.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.alide.org.pe\/encuentro-de-economistas-de-las-banca-de-desarrollo\/\"><span data-contrast=\"none\">Tomorrow, the event will continue with a second day at the headquarters of Banco de la Provincia de Buenos Aires<\/span><\/a><span data-contrast=\"none\">, which will be attended by its president, Juan Cuattromo, the Minister of Finance of the province of Buenos Aires, Pablo L\u00f3pez, together with the president of BICE, Mariano de Miguel. The closing will be conducted by Jos\u00e9 Ignacio de Mendiguren, secretary of Industry and Productive Development, and by Augusto Costa, minister of production, science and technological innovation of the province of Buenos Aires.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:240}\">\u00a0<\/span>[\/vc_column_text][vc_btn title=&#8221;Buenos Aires Declaration&#8221; color=&#8221;primary&#8221; align=&#8221;center&#8221; link=&#8221;url:https%3A%2F%2Fwww.alide.org.pe%2Fwp-content%2Fuploads%2F2022%2F09%2FDeclaraci%25C3%25B3n-de-Buenos-Aires-Encuentro-de-Econmistas-BD2022.pdf&#8221;][\/vc_column][\/vc_row][vc_row 0=&#8221;&#8221;][vc_column parallax=&#8221;content-moving&#8221; width=&#8221;1\/6&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_column_text 0=&#8221;&#8221;]<\/p>\n<h3><span style=\"color: #009de5;\"><strong>About BICE<\/strong><\/span><\/h3>\n<p><span class=\"TextRun SCXW174214476 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW174214476 BCX0\">Argentine Development Bank<\/span><span class=\"NormalTextRun SCXW174214476 BCX0\"> BICE is a public bank that provides short-, medium-, and long-term financing with a focus on productive sectors, small and medium-sized enterprises, and regional economies.<\/span> <span class=\"NormalTextRun SCXW174214476 BCX0\">It provides comprehensive assistance to exporters, supports business opportunities within value chains to improve competitiveness and manages trusts for the execution of strategic infrastructure works for the country<\/span><span class=\"NormalTextRun SCXW174214476 BCX0\">.<\/span><\/span><span class=\"EOP SCXW174214476 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:225,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3><span style=\"color: #009de5;\"><strong>About BAPRO<\/strong><\/span><\/h3>\n<p><span data-contrast=\"none\">Banco de la Provincia de Buenos Aires (BAPRO) is constituted as the first microcredit entity in Argentina, with more than 160 thousand loans to the social economy. They finance value chains, the establishment of entrepreneurs in industrial parks and foreign trade.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3><span style=\"color: #009de5;\"><strong>About ALIDE<\/strong><\/span><\/h3>\n<p>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.<\/p>\n<h3><span style=\"color: #009de5;\"><strong>Contact<\/strong><\/span><\/h3>\n<p>Communications Unit of ALIDE<br \/>\nPhone: +511-203-5520 |: Ext: 227<br \/>\n<a href=\"mailto:comunicaciones@alide.org\">comunicaciones@alide.org<\/a>,\u00a0<a href=\"mailto:comunicaciones2@alide.org\">comunicaciones2@alide.org<\/a><br \/>\n<a href=\"http:\/\/www.alide.org\/\">www.alide.org<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row 0=&#8221;&#8221;][vc_column 0=&#8221;&#8221;][vc_empty_space 0=&#8221;&#8221; height=&#8221;10px&#8221;][\/vc_column][\/vc_row][vc_row 0=&#8221;&#8221;][vc_column parallax=&#8221;content-moving&#8221; width=&#8221;1\/6&#8243;][\/vc_column][vc_column width=&#8221;2\/3&#8243;][vc_images_carousel images=&#8221;23460,23462&#8243; img_size=&#8221;full&#8221; css=&#8221;.vc_custom_1665168007769{margin-bottom: -15px !important;padding-bottom: -50px !important;}&#8221;][vc_custom_heading 1=&#8221;Latinoamericana&#8221; 2=&#8221;sobre&#8221; 3=&#8221;Financiamiento&#8221; 4=&#8221;e&#8221; 5=&#8221;Impulso&#8221; 6=&#8221;de&#8221; 7=&#8221;los&#8221; 8=&#8221;Negocios&#8221; 9=&#8221;e&#8221; 10=&#8221;Inversiones&#8221;<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","footnotes":""},"class_list":["post-23670","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economists from Latin American development banks: &quot;Our region has a historic opportunity to change its productive matrix and to develop\u201d - ALIDE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.alide.org.pe\/en\/economists-from-latin-american-development-banks-our-region-has-a-historic-opportunity-to-change-its-productive-matrix-and-to-develop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economists from Latin American development banks: &quot;Our region has a historic opportunity to change its productive matrix and to develop\u201d - ALIDE\" \/>\n<meta property=\"og:description\" content=\"[vc_row 0=&#8221;&#8221;][vc_column 0=&#8221;&#8221;][vc_empty_space 0=&#8221;&#8221; 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