16th International Economic Forum on Latin America and the Caribbean
Scaling up Financing for Development
Wednesday, 22 May 2024, 14:30 - 17:30 CEST
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?
- Mathias Cormann, Secretary-General, Organisation for Economic Co-operation and Development (OECD)
- Anabel González, Vice President for Countries, Inter-American Development Bank (IDB)
- Rémy Rioux, Chief Executive Officer, Agence française de développement (AFD)
- Stéphane Sejourné, Minister for Europe and Foreign Affairs, France*
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:
- Renata Vargas Amaral, Secretary for International Affairs and Development, Brazil
- Daniel Hojman, President of BancoEstado, Chile
- Amélie de Montchalin, Chair of the Governing Board of the OECD Development Centre, Permanent Representative of France to the OECD
- Mauricio Rosillo, Vice President of Business, Bancolombia Group*
- Félix Fernández-Shaw, Director for Latin America and the Caribbean and relations with all Overseas Countries and Territories, Directorate-General for International Partnerships, European Commission
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:
- Irene Gómez Luque, CEO, Telefónica Open Innovation*
- Laura Cozzi, Director, Sustainability, Technology and Outlooks, IEA*
- Djalal Khimdjee, Deputy CEO, Proparco*
- Jesús Monleon, CEO & Founder, Go Trendier*
- Marta Cruz, Co-Founder and Director, NXTP Labs*
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
- José Manuel Albares Bueno, Minister for Foreign Affairs, European Union and Co-operation, Spain
Moderator: Ragnheiður Elín Árnadóttir, Director, OECD Development Centre
17:30 – Cocktail
* To be confirmed
