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16th International Economic Forum on Latin America and the Caribbean

Scaling up Financing for Development

Wednesday, 22 May 2024

  OECD Conference Centre

 (Interpretation available in English / Spanish / French)

 

14:00 - 14:30 - Welcome coffee


14:30 – 15:30

Keynotes - Harnessing the potential of international finance to support LAC's financing needs

Latin America and the Caribbean (LAC) require increased financing for sustainable development. By optimising the combination of public and private resources from both domestic and international sources, the region can respond to their development challenges. To that end, how can LAC countries boost domestic resource mobilisation, and channel more international funds towards better development outcomes? How can international organisations, development finance institutions and governments better work together to make international finance meet LAC’s needs?


Moderator
: Ragnheiður Elín Árnadóttir, Director, OECD Development Centre


15:30 – 16:15
Session 1: Mobilising sustainable development finance: which actors, policies and instruments? 

Financial resources in LAC must be raised from different sources, both public and private. On the fiscal front, most countries need to enhance the structure of their taxation and expenditure systems to generate additional public revenues. National development finance institutions and private financial institutions should deepen financial inclusion and capital markets to favour access to finance across individuals and SMEs. In that context, how can governments align public and private resources for better impact? What activities within national development banks can contribute to leveraging private resources for development? How are private financial institutions contributing to the development agenda?


Panel discussion with representatives from
ministries, public development banks and the financial and banking sector

  

Moderator: Matías Bendersky, Office of Outreach and Partnerships Manager, IDB 


16:15 – 17:00

Session 2: Innovative finance to unlock new opportunities: what lessons for and from LAC?

The region presents unique development opportunities in emerging sectors, mostly associated with the green transition, the digital transformation, and the region's cultural and socioeconomic diversity. However, opportunities in new activities often come with significant risks, making access to finance particularly costly for new entrants. How have young and innovative companies coped with the scarcity of resources facing many ventures in LAC? What innovative financial instruments have been put in place to support these initiatives, and enhance their environmental, cultural and social impacts? What can be learned, and how can success be scaled up?

Panel discussion with representatives from the private and entrepreneur sector Europe and LAC, AI ventures 

 Moderator: Natalia Gómez-Solano, Special Adviser on Youth to European Commissioner Jutta Urpilainen, 2023-2024


17:00 – 17:30

Concluding remarks and ceremony in honor of Enrique Iglesias

 

Representatives from AFD, IDB and OECD Development Centre and guests

ModeratorRagnheiður Elín Árnadóttir, Director, OECD Development Centre


 

17:30 – Cocktail