During the course of the Thirty-eighth Regular Meeting of the General Assembly, ALIDE and the China Development Bank (CDB) signed a Memorandum of Understanding to promote closer relations between China and the Latin American and Caribbean countries, with a view toward boosting trade and mobilizing resources and investments for the region’s development.

Attention should also be drawn to the CDB’s incorporation as a new member of the Latin American Association. Dai Danian, Member of the CDB Committee on Banking Matters declared it an honor for the Bank to belong to ALIDE and enter into closer relations with the ALIDE development banking members through business trasactions and financial and technical cooperation and by boosting the exchange of experiences between Latin American institutions and the CDB to benefit social and financial inclusion in our countries.