It will address innovation in thematic financial instruments such as green bonds, biodiversity bonds and the blue economy.
SANTO DOMINGO. - In the interest of promoting best practices in the financial sector and encouraging debate on the role of productive agents in the preservation of the environment and financial inclusion, the III Latin American Congress of Sustainable and Inclusive Banking will be held in the country, an event organized by the Association of Multiple Banks of the Dominican Republic (ABA) and the Latin American Federation of Banks (Felaban).
"In the current context, where sustainable development is fundamental, the Congress establishes itself as a key platform for meaningful discussions and the promotion of collaboration between governments and private leadership," they argued.
They reported that representatives from regional organizations, banking executives, businesspeople, and experts in the areas of inclusion and sustainability will meet on May 14 and 15 in Santo Domingo to share their perspectives and experiences, which range "from inspiring success stories in banking to innovative sustainable solutions and inclusive strategies.".
In a press release, they stated that one of their main thematic axes will explore the regulatory frameworks and public policies aligned with the objectives of Basel and the Paris Agreement, viewed from the perspectives of regional and local entities linked to compliance and implementation of these regulations.
The ABA and Felaban pointed out that the event will address innovation in thematic financial instruments such as green bonds, biodiversity bonds and the blue economy, as well as different strategies to finance adaptation to climate change and promote the circular economy as an engine of sustainability.
They indicated that the III Sustainable and Inclusive Banking Congress will also have spaces to present on digital tools, digital payments, the use of artificial intelligence and other innovations that promote access to financial services.
Similarly, the thematic agenda will include support for vulnerable communities to counteract the problems arising from climate change and the role of fintech as agents of social change, the organizers stated.
"Strengthening the business ecosystem through support for the micro, small and medium-sized enterprise (MSME) segment, optimizing value chains in the real sector and collaborating with NGOs will be another relevant thematic pillar, highlighting the importance of strategic alliances and business sustainability," they stated.
They highlighted that the regional event will also address the challenges of inclusion and sustainability in important productive sectors such as energy, tourism, manufacturing, and agribusiness.
