Latin American development banking system: strategic fields of action and scope of the international financial architecture
Year: 2024
Content-Type: Report
Description: The document titled is a comprehensive technical note prepared by ALIDE. It analyzes the evolving role of development banks in Latin America and the Caribbean amidst global challenges such as economic crises, environmental issues, and technological advancements. The text highlights three simultaneous crises—economic, health, and environmental—that have intensified the need for strategic, sustainable, and inclusive development financing. Development banks are identified as pivotal in mobilizing resources, supporting underserved sectors, and driving regional priorities like financial inclusion, gender equality, and climate resilience. Key themes include the integration of digitalization and innovation in banking processes, enhancing infrastructure investment, fostering SMEs, and promoting nearshoring to boost regional competitiveness. The document also discusses the impact of international financial architecture reforms on development banks' ability to address funding gaps and foster collaboration across global and regional networks. It concludes with recommendations for strengthening corporate governance, risk management, and human resource capacity within development banks, underlining their role as agents of transformation to achieve Sustainable Development Goals (SDGs) and respond to emerging global and regional priorities.
Pages: 31 pages
Author: ALIDE
Categories: Banks, Developing countries, Infrastructures, NDBs, Public Sector, Publications, SMEs, Sustainability
Tags: Development Banks, Development impact, Latin American & Caribbean, SMEs, Transition