The COVID-19 crisis has strongly impacted Latin American and Caribbean economic and social development. The region’s governments have responded by, through their development banks, mobilizing countercyclical financing and support programs for vulnerable sectors. Although desirable, these measures need to be supplemented by stronger actions. ALIDE’s General Assembly proposed that the banks’ response be directed towards boosting sustainable and resilient development with a long-term outlook.
Representatives of development banks, international organizations and government officials, numbering in the neighborhood of 500 and for the most part from Latin America and the Caribbean, met together in the ALIDE General Assembly. The participants, after hearing the experiences of national and regional banks and examining the region’s economic prospects, came to an agreement on a common vision for the banking system that would coordinate immediate measures with SDG financing and international climate agendas.
All about the General Assembly: https://bit.ly/38dHPBB