Regional Readiness Project

The Latin American Association of Financial Institutions for Development (ALIDE) has established itself as the main regional forum to generate solutions in banking for development in Latin America and the Caribbean. In the last 5 years, and in the context of a strategic alliance with the IDB, it has been systematically developing a series of actions in the field of Environmental and Climate Financing, positioning itself as a key partner for updating and exchanging knowledge on climate financing. .

As a regional reference institution for the banking sector, ALIDE has the networks to increase the participation of public and private banks in climate finance and work in collaboration with the designated national authorities (NDAs) of the GCF.

In response to this institutional path on climate finance issues, a group of 6 countries: Argentina, Cuba, Guatemala, Paraguay, the Dominican Republic and Uruguay, decided to collaborate with ALIDE in the development of a regional Readiness project proposal on climate finance to present it. to the Green Climate Fund (GCF). For project management purposes, Guatemala is the leading country of the project, which is why it appears as the main proponent in conjunction with the NDAs of the participating countries.

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The Project seeks to strengthen the processes undertaken individually by banking or financial entities through a regional approach that identifies barriers and opportunities for the climate finance business, while generating the exchange of successful experiences, as well as mechanisms for monitoring and tracking impacts, facilitating thus the step towards a new generation of innovative climate finance instruments from and for the region, including development and commercial-private banks.

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To learn more about the project, download it here: