- The working groups constitute the continuation of efforts initiated in Finance in Common (FIC), the first world summit of public development banks.
- The Latin American Association is participating in efforts targeting the areas of women and gender, water and sanitation, and sustainable sports.
March 23.- The development banks, in a continuation of the work started at the Finance in Common Summit (FIC), the first world summit of public development banks, held on November 9 to 12, 2020, further their cooperation by participating in a global coalition to boost the creation of a new growth model with an inclusive, sustainable, and resilient orientation.
The specific intent of the coalition is to reinforce inter-institutional cooperation within the public development banking system in order to be able to address urgent issues like the COVID-19 crisis, climate change, and the Sustainable Development Goals (SDGs). With this aim in mind, FIC has subdivided its efforts into a series of coalitions designed to tackle given issues.
ALIDE, as a member of the FIC Executive Committee, is involved in this collaborative effort, taking part in three of the coalitions: water and sanitation finance, gender equality and women, and sustainable sports.
The coalitions seek to promote the exchange of good practices among development bank institutions, sensitize governments to the role of those institutions in financing the different sectors, and interact with stakeholders for a better understanding of their expectations in regard to development bank efforts.
They further intend to explore complementarities among the members, build capacities and improve mutual recognition, facilitate access to international finance, and expedite deployment of public resources and mobilization of the private sector by establishing a closer alignment among public development bank approaches, actions, and involvement.
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.