XII Environmental Management Course For The Financial Sector

10/20/2008


Participants of the XII Environmental Management Course for the Financial Sector

Playa del Carmen, Mexico – From October 15 to 17, 2008, the Inter-American Investment Corporation (IIC) held its twelfth Environmental Management Course for the Financial Sector, in Playa del Carmen. This year the course was developed in collaboration with the Environmental and Social Safeguard Unit (ESG) of the Inter-American Development Bank (IDB). Fifty-three participants from thirty-seven financial institutions in thirteen countries (Argentina, Bolivia, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru, and Uruguay) attended the seminar.

The purpose of the seminar was to show financial institutions that are clients of the IIC and IDB how to develop their own environmental risk management systems and thus become more competitive and profitable. Guest speakers from Banco Itaú (Brazil), Finterra (Mexico), and Banco Multisectorial de Inversiones (El Salvador) were invited to give presentations on their environmental risk management systems and the opportunities related to sustainability.

The IIC has been organizing these seminars since 1999; since then, 386 participants representing more than 150 financial institutions have attended. With these seminars on environmental risk management the IIC and IDB promote the exchange of information among financial institutions in Latin America and disseminate new market opportunities (such as green credit lines and the market for certified products). The institutions that actively manage for environmental risk are more efficient because they decrease environmental impacts, improve their image within the financial sector, and increase their probability of obtaining financing in the international market.

The IIC broke new ground in Latin America with its seminar on environmental risk management systems for financial institutions. Now, nine years later, Latin American institutions are increasingly committed to developing environmental risk management systems like those being adopted by financial institutions worldwide.

The

Inter-American Investment Corporation

is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2007, the IIC reached US$1.2 billion in assets and approved 62 transactions channeling US$470 million to SMEs in the region. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC’s activities, please visit www.iic.int.



Contact: Angela Miller

Telephone: (202) 623-3936

Email: angelam@iadb.org