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Fifth Meeting of Latin American and European Development Banking Institutions

Fifth Meeting of Latin American and European Development Banking Institutions

 

The opening of these conferences was attended by the Secretary of State for Economic and Business Affairs, Fernando Jiménez Latorre, ICO Chairman, Román Escolano, and the President of ALIDE, Fernando Calloia.

The Secretary of State for Economic and Business Affairs, Fernando Jiménez Latorre, today opened the Fifth Meeting of Latin American and European Development Banking Institutions at ICO's headquarters in Madrid.

The meeting will examine cooperation between European and Latin American development banking institutions and opportunities in the current economic climate. The two-day event has attracted over one hundred representatives from twenty countries, who will take part in discussion panels and bilateral meetings in the context of the Seminar.

In his opening address, Fernando Jiménez Latorre, Secretary of State for Economic and Business Affairs, highlighted the efforts made by the financial sector to restore its credibility and regain access to financial markets in order to re-establish credit to the real economy. He also explained ICO's role in financing SMEs by designing more attractive facilities and initiatives such as the Fond-ICO Global, in order to offer companies alternative funding channels.

Mr Jiménez Latorre pointed out that the trend in lending had been reversed this year, with "over 10,000 million euros in loans being granted through ICO's financing programmes".

ICO Chairman Román Escolano stated that the objective of the Meeting was to bring together players from European and Latin American institutions and to encourage the sharing of experiences to promote "more effective and beneficial financial cooperation between the two regions". He also emphasised "ICO's firm commitment to continue cooperating with Latin America".

Finally, the President of ALIDE, Fernando Calloia, highlighted one of the objectives of the Meeting as "the need to share experiences and best practices" in order to encourage joint funding of projects in both regions. Mr Calloia also stated that the Meeting would focus on cooperation for environmental sustainability, combating climate change and mobilising resources for development in Latin America.