September 7, 2023 – During the Finance in Common Summit 2023, the World Federation of Development Financing Institutions (WFDFI) participated in a series of summit activities, which congregated more than 520 of the world’s public development banks and development financing institutions.

The WFDFI Board of Governors met during the first day of the global FiC meeting, with the participation of Luis Antonio Ramírez, President of ALIDE and the WFDFI; Edgardo Alvarez, Secretary General of ALIDE and the WFDFI; Cyril Okoye, Secretary General of AADFI; Enrique Florencio, Secretary General of ADFIAP, and José Carlos García de Quevedo, representative of ELTI.

In the course of the meeting, the WFDFI members discussed the importance of their presence at the Finance in Common Summit (FiCS) and the organization’s visibility at future high-level and planning events for the next meeting of the Board of Governors, scheduled to take place in Marrakech, Morocco.

Presence at FiCS 2023

As part of the WFDFI activities, members of the Board of Governors gave a press conference to draw attention to the major role to be played by the member institutions of the Federation in the global financial scenario, particularly in the area of development financing. 

In addition, the Secretary General of ADFIAP, Enrique Florencio, and the Secretary of AADFI, Cyril Okoye, served as panelists in different activities, like the Roundtable of Chief Economists: Development banking challenges in an uncertain environment: impact, SDG alignment and the future of technology, organized by ALIDE.

During the Roundtable, Florencio stressed that Public Development Banks play a crucial part in reaching the Sustainable Development Goals (SDGs), such as fighting climate change, implementing renewable energy and social inclusion. 

Okoye, for his part, pointed out that AADFI has noted that a good way to address external threats is by building up the National Development Financing Institutions so that they are able to contribute more effectively and to tackle threats to development.