Finance in Common Summit 2023 to be held in Latin America
- The announcement was made at the closing session of third Finance in Common Summit (FICS) held from October 18 to 20 in Abidjan, Ivory Coast, in Africa.
October 20, 2022- At the closing session of the Finance in Common Summit 2022, the President of the Latin American Association of Development Financing Institutions (ALIDE), Carlos Linares, confirmed that ALIDE will collaborate with the Inter-American Development Bank (IDB) in organizing the fourth session of this world summit, which will be held in Latin America next year.
The President of the IDB, Reina Mejía, added that it is an honor to organize the FICS Summit 2023 jointly with ALIDE and drew attention to the actions taken by public development banks, urging them to continue working to promote financing and respond to global challenges and risks.
Also participating in the closing session were other prominent representatives of development finance institutions and organizations like Rémy Rioux, President of the Finance in Common Initiative and Director General of the French Development Agency (AFD); Thomas Östros, Vice-President of the European Investment Bank (EIB); Gene Leon, President of the Caribbean Development Bank (CDB); and Akinwumi A. Adesina, President of the African Development Bank Group.
Summit in Africa
The Finance in Common Summit (FICS) 2022 took place from October 18 to 20 in Abidjan, Ivory Coast, and was carried out as a hybrid event under the title of “Green and Just transition for a sustainable recovery”.
Jointly organized by the African Development Bank and the European Investment Bank (EIB), the summit was very well-attended, with over 900 guests present and more than 1,000 online.
During the session “How to Mobilise Capital at Scale by Leveraging Private Finance”, ALIDE President, Carlos Linares, declared that the development banking system has a very important job to accomplish in attracting foreign investment, which is of crucial importance for boosting sustainable projects in the region.
Linares also introduced the Development Banking Hub, a platform fashioned by ALIDE and the IDB that is intended to serve as a vehicle for the interaction of public development banks with other financial institutions in order to further Latin American and Caribbean development.
Regarding Finance in Common
Finance in Common is the first summit to bring together the world’s Public Development Banks (PDBs). Their first meeting took place in November of 2020. The summit’s objective is to underscore the crucial role for which Public Development Banks are responsible in reconciling short-term counter-cyclical responses to the crisis with sustainable recovery measures that will have an impact in the long-term on the planet and its societies.
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.
Contact
Communications Unit of ALIDE
Phone: +511-203-5520 |: Ext: 227
comunicaciones@alide.org, comunicaciones2@alide.org
www.alide.org