L'Alliance des Subnational Development Banks en Amérique Latine
The Alliance of Subnational Development Banks (SDBs) in Latin America and the Caribbean, launched in April 2021 as a Finance in Common initiative , aims to strengthen the capacity of Subnational Development Banks to improve their financial and non-financial services in support of sustainable urban and territorial transitions in LAC. It was created as chapter of the Global Alliance, and has been supported by FMDV, as Secretariat, since its launch. 
The Alliance of Subnational Development Banks (SDBs) in Latin America and the Caribbean was launched in April 2021 by the French Development Agency (AFD), Development Bank of Minas Gerais (BDMG), the Global Fund for Cities Development (FMDV) and the Institute for Sustainable Development and International Relations (IDDRI), within the dynamic of the Finance in Common Summit (FICS). The FICS is the global summit which gathers over 500 Public Development Banks (PDBs) committed to finance the implementation of the global agenda.
Based on peer to peer and multistakeholder exchange, the Alliance strives to reinforce capacities and amplify the potential of SDBs through enhanced cooperation with all stakeholders committed to financing just urban and territorial transitions.
The Alliance is driven by shared objectives:
  • Align SDBs’ strategies, standards, initiatives, investments, and portfolios with the UN 2030 Agenda and its sustainable development goals (SDGs) and the Paris Agreement on climate;
  • Diversify SDBs’ technical and financial services to local governments and local actors;
  • Promote SDBs’ sustainable investments through urban and territorial development projects portfolios and boost the financial urban and municipal markets. 
The Alliance constitutes a strategic space for dialogues with peers, development institutions, governments, municipalities, and technical and financial partners in the region. It enhances the strategic role of SDBs and the contribution of the Alliance to the global agendas in international fora.
Its multi stakeholder Steering Committee counts 23 members representing subnational development banks and their networks, development finance institutions, local governments networks, research and academic institutions, international organizations:
  • Brazilian Association of Development – ABDE
  • Central American Bank for Economic Integration- CABEI
  • Corporación Financiera de Desarrollo S.A. – COFIDE
  • Desenvolve São Paulo  
  • Development Bank of Minas Gerais – BDMG
  • Economic Commission for Latin America and the Caribbean – UN-ECLAC
  • European Investment Bank – EIB
  • European Union – EC-INTPA
  • French Development Agency – AFD
  • Global Fund for Cities Development – FMDV
  • Guarantee Fund of Buenos Aires – FOGABA
  • Ibero-American General Secretariat – SEGIB
  • Institute for Sustainable Development and International Relations – IDDRI
  • Instituted Trusts in Relation with Agriculture - FIRA
  • Inter-American Development Bank – IDB
  • Latin American Association of Development Financing Institutions – ALIDE
  • Latin American Development Bank – CAF
  • Plata Basin Development Bank – FONPLATA
  • Regional Bank of Southern Brazil – BRDE
  • United Cities and Local Governments – UCLG
  • United Nations Development Programme – UNDP
  • World Bank
  • World Resources Institute – WRI
Its secretariat is managed by FMDV, Fonds Mondial pour le Développement des Villes, or Global Fund for Cities Development.
To join the Alliance, and participate in its activities please contact the Secretariat to endorse the Joint declaration of the Alliance.  
Contact : FMDV,  Alliance  Secretariat: Ms Émilie Maehara, emahera@fmdv.net, Ms Libertad Sobrado, lsobrado@fmdv.net 
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