ALIDE and SEGIB to promote Ibero-American Financial and Technical Cooperation

The Agreement will facilitate the preparation of studies, holding of forums, advisory assistance and training for joint projects

Enrique Iglesias, Ibero-American Secretary General, and Rommel Acevedo, ALIDE Secretary General, on May 16 in Lima, Peru, signed a Cooperation Agreement between the Ibero-American General Secretariat (SEGIB) and ALIDE, the Latin American Association of Development Financing Institutions, aimed at promoting financial and technical cooperation and their contribution to Ibero-American economic development and integration.

Under this Cooperation Agreement, ALIDE and SEGIB will undertake studies and research; training; the dissemination and exchange of information; consultancies; technical meetings; and forums and seminars, all of which will address important issues like economic and social development financing; financial cooperation and promotion of development-driven business and investment; financial mechanisms and regional integration; financial services to improve SME access to credit; guarantee systems; financial inclusion; environmental financing; development of technology to enhance bank deepening; remittances and local development; corporate governance in development financing institutions; and information and knowledge technologies.

Enrique Iglesias highlighted the importance of taking advantage of the growing concern today over SMEs and development financing, which open up major opportunities for institutions like ALIDE to act and work for the good of the region’s development. In this connection, the signing of the ALIDE-SEGIB Cooperation Agreement seeks to make the most of ALIDE’s expertise and experience and carry out joint activities of common interest to enhance the countries’ economic and social progress.