Enhancing Climate Finance and Investment in LAC Banking Sector
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ALIDE is the representative international organization of development banking in Latin America and the Caribbean whose activities are aimed at cohesion and strengthening the action and participation of financial institutions in the economic and social process of the region. In this sense, "ALIDE" encourages the exchange of experiences and coordination and cooperation among its members and with international development financing organizations. Within the framework of its objectives and functions, ALIDE encourages the conclusion of agreements and the development of programs in order to mobilize resources for the sustainable financing of Latin American development, technical cooperation, the incorporation of technology, the training of human resources and carrying out any activity related to the objectives of the Association.
The Green Climate Fund (GCF) is a multilateral organization dedicated to financing projects focused on caring for the environment. It is the world's largest climate fund, mandated to help developing countries raise and realize their Nationally Determined Contribution (NDC) ambitions towards low-emission and climate-resilient pathways. The entity recognizes the importance of promoting green financial systems to address the climate challenge.
Within the framework of its objectives and functions, ALIDE collaborates with the GCF in order to support development finance institutions to catalyze resources from international climate finance for the green investments that the region needs. The Readiness project is part of this cooperation for the benefit of the region.
ALIDE, as a delivery partner, is a member of the Steering Committee together with the NDAs of the participating countries; and is in charge of the implementation and execution of the project, as well as fulfilling the following responsibilities:
Preparation of a detailed work plan according to the approved preparation proposals
Project execution and supervision
The fiduciary management of project resources
Report project progress
Project completion and evaluation
These responsibilities frame all the processes of hiring consultants (individuals and firms), the review of the quality of their products, ensuring coordination lines and mechanisms for integration, and the exchange of experiences and knowledge between different consulting teams, NDAs. and participating banks / associations. Likewise, being responsible for the fiduciary management, it is also responsible for the acquisition of all goods and services under the grant.