Fernando Eguiluz

The Inter-American Development Bank (IDB) partnered with Data Society to revolutionize how infrastructure project risks are identified and mitigated. By leveraging machine learning and open-source data, IDB can now proactively address potential risks across its portfolio. ✅ Machine-learning model flags high-risk projects ✅ Scalable solution using Open Contracting Data Standards ✅ Enhanced accuracy through advanced oversampling techniques Discover how Data Society's innovative approach is transforming risk management for infrastructure projects in 26 countries: https://hubs.ly/Q0302cQ-0 #RiskManagement #MachineLearning #DataScience #DigitalTransformation

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🔴#Ahora #Vivo #Transmisión 🗣 "Mercados emergentes: flujos de capital, sobreendeudamiento, inflación y crecimiento" ✍️ Días: 20 y 21 de mayo - 2024 📌 Lima, Perú FLAR | Fondo Latinoamericano de Reservas Banco Central de Reserva del Perú - BCRP National Bureau of Economic Research . . #BCR #Peru #nber #fondolatinoamericanodereservas #FLAR #EmergingMarkets #CapitalFlows #DebtOverhang #Inflation #Growth #WorkingPapers #data #Economy #OmdenaLimaPeruChapter #Omdena #worldwide

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Late update from Banco Bolivariano 🌿 We're thrilled to announce that we have successfully completed our TCFD framework, thanks to the dedicated efforts of our Risk, Finance and Sustainability department. Motivated by our core values, we have outlined the following key initiatives: (1) We will establish a dedicated Sustainability Committee to oversee our sustainability efforts and ensure the integration of TCFD and TNFD recommendations (Governance). (2) We are incorporating ESG factors into our credit decisions and internal processes (Risk Management). (3) We have identified priority sectors affected by climate change and are implementing tailored strategies to address their challenges (Strategy). (4) We are enhancing our eco-efficiency, climate risk management, and reporting efforts to reduce our environmental footprint and promote sustainable practices (Metrics and Targets). Special thanks to Deloitte Sustainability Eduardo Alfonso Atehortua Barrero Andrea Sánchez B. Daniel Gómez Gil Ana Cristina Londoño Zapata and my team Melina Sáenz Ivanna Lértora Augusto Jouvin Nugué for leading this initiative. We are excited about the positive impact these initiatives will have on our organization, our stakeholders, and the environment.

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💡 A New Chapter in Global Development Financing! The World Bank’s recent reforms underscore a pivotal shift toward greater accessibility and flexibility in funding. By easing commitment charges, removing pre-payment premiums, and offering discounted rates for short-maturity loans, the World Bank is strategically lowering financial barriers for developing countries. This approach not only supports countries with immediate liquidity needs but also enhances financial sustainability. In a volatile global economy, these measures represent a significant step forward, fostering equitable access to resources at a time when development needs are immense. The reduction of the Equity-to-Loans ratio, combined with enhanced capital adequacy tools, is a powerful move that positions the World Bank as a more agile and responsive development partner. The anticipated $150 billion in additional funding over the next decade has the potential to catalyze impactful projects across health, education, and infrastructure, accelerating progress in the world’s most vulnerable regions. In this light, the World Bank’s innovations are more than just financial adjustments—they are strategic reinforcements that bring sustainable development within reach. 🌱 #WorldBank #SustainableFinance #ImpactInvesting #DevelopmentFinance #GlobalEconomy #ClimateFinance #EmergingMarkets #CapitalAdequacy #InclusiveGrowth #FutureReady

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Some ideas to invest

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📣 Great news! We're launching the second phase of our Payments to Advance Growth for All (PAGA) Initiative, and we are looking for your input. Read on ↓    👥 PAGA, a joint initiative between the World Economic Forum and the IDB Lab, brings together over 100 representatives from both the public and private sectors to discuss, learn, and exchange knowledge centered around digital payments in Latin America and the Caribbean.     Our key objectives are:   📜 Build regulatory practices to reduce market barriers and facilitate cross-border payments  🧩 Promote public-private collaboration, encouraging MSMEs inclusion in cross-border payments and trade  🚀 Drive the facilitation of new technologies and foster innovation among stakeholders  🤝 Explore digital trade agreements to secure safe cross-border digital payments     As we launch PAGA II, we are starting by identifying successful use cases of digital payment solutions that enable MSMEs to conduct cross-border transactions. Digital payments are crucial components in our growing digital economy, and we aim to create a learning environment where innovative solutions are showcased, replicated, and improved.     ⏰📝 We invite you to submit your successful use cases by October 11 through our new project website: https://lnkd.in/eeCr7zjP #DigitalPayments #PAGA #LATAM #MSMEs #Trade #DigitalEconomy

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Proud to share a milestone with PAGA – Payments to advance growth for all! At IDB Lab, we're proud to be part of this transformative collaboration with the World Economic Forum, launching a comprehensive repository of innovative cross-border payment solutions. These solutions are designed to empower not only #MSMEs globally but also facilitate person-to-person payments. This initiative reflects our commitment to advancing #FinancialInclusion and driving #Digital #Innovation across #LatinAmerica and the #Caribbean. Why it matters for us: ✔️ Empowering MSMEs and enabling person-to-person payments: Cross-border solutions are unlocking global trade opportunities for small businesses and simplifying individual transactions across borders. ✔️ Driving #Innovation: From mobile-first platforms to #Blockchain applications, these solutions are reshaping financial access and transparency. ✔️ Expanding market access: By reducing costs and accelerating transaction speeds, we’re fostering a more inclusive #DigitalEconomy. We’re excited to see how these groundbreaking solutions, including those from partners like Decaf, Tpaga and Visa, will impact MSMEs in emerging markets. Together, we’re building a future where no business is left behind. 🔗 Explore the repository here: https://lnkd.in/eeCr7zjP Sergio Navajas, Marcelo Cabrol, César Buenadicha, Jimena Sotelo, Alexandre Marchand, Mario Canales, Tim Stekkinger, Astrid Cruz, Silvia Constain, Laura Nunez, Ana María Ibáñez, Inter-American Development Bank

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Recently the Central Bank of Nicaragua published volume 11 of the Journal of Economics and Finance, in which I presented a paper entitled “Transmission of external interest rates to the bank deposit market in Nicaragua”. The results suggest that domestic deposit rates do not react in the short term to the external shocks considered and that, although they increase with a lag, the pass-through is incomplete. Also, the results suggest that the growth of public deposits is insensitive to changes in external interest rates. This is consistent with the hypothesis that the price elasticity of deposit supply is low, and that depositors prioritize factors such as liquidity over interest rates. If you are interested in more information about this research and the others in the journal, you can access through this link: https://lnkd.in/eQjh3U-v

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📈 Chilean Economic Analysis: April 2024 Imacec According to data published by the Central Bank of Chile, the Imacec (Monthly Economic Activity Index) for April 2024 experienced a growth of 3.5% compared to the same month in the previous year. While modest, this result reflects an upward trend in the Chilean economy. Let’s delve into some key details: 1. Monthly Growth and Market Consensus: In April, the Imacec showed a contraction of -0.3% compared to the revised March data, surpassing the market consensus average of -0.6%. However, in year-on-year terms, economic activity expanded at a rate of 3.5% at the beginning of the second quarter, up from the revised March figure of 0.5%, albeit slightly below market expectations (3.7%). 2. Sector Breakdown: The decline in economic activity during the month can be attributed to decreases in the mining sector (with a monthly contraction of -2.4%), trade (with a monthly decrease of -1.4%), and taxes on products (with a monthly decline of -0.6%). However, there was a recovery in manufacturing (with monthly growth of 0.9%) and other goods (with a monthly increase of 0.3%). 3. Year-on-Year Growth by Sectors: In year-on-year terms, the three additional business days compared to 2023 contributed to the expansion across almost all sectors. Leading this growth were the manufacturing industry (with a 6.5% YoY increase), trade (with a 6.4% YoY growth), and other goods (with a 5.3%YoY increment). However, trade was impacted by reduced vehicle sales and lower food sales, acting as the main detractor in economic activity. 4. Future Outlook: Despite two consecutive months of monthly declines, the overall view remains positive for the Chilean economy in 2024.

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📢 Exciting News! 📢 We are thrilled to announce that Banco de México has published its Financial Stability Report in English for the first time in several years! 🌎📊 This comprehensive report provides valuable insights into the current financial landscape, economic trends, and the overall stability of the Mexican financial system. Whether you're an investor, economist, or simply interested in global financial developments, this report is a must-read. 🔍 Key highlights include: * Box 3: Gender gap in credit: widening or narrowing with uncertainty? * Box 9: NGFS Scenarios * Stress tests of physical risks associated with climate change. Access the full report here: https://lnkd.in/eCGWBicj Join us in celebrating this milestone towards greater transparency and accessibility of financial information. “A stable financial system is one in which financial institutions, markets and their infrastructures facilitate the exchange of funds between savers, borrowers, and investors, with adequate risk management, thus contributing to the proper functioning of the economy and achieving sustainable economic growth.” #BancoDeMéxico #FinancialStability #EconomicInsights #GlobalFinance #Transparency #NGFS #ClimateChange #ClimateRelatedRisks BancodeMéxico NGFS Tina Chong

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We are evolving to scale our Impact to address new challenges. And we are on the right track. If you check our annual report you will see that in 2023, we allocated US$10.7 billion to the LAC region with 32% dedicated to #climatefinance, 35% to #MSMEs, and 47% to #Gender & #Diversity advising our clients to pursue specific development goals. We are aiming for more this year. We are committed to significantly increasing #climatefinancing targets over the next years, with a special lens on adaptation & leveraging advisory, blended finance, and financial innovation to stimulate private sector #decarbonization and #resilience. In 2023 we helped clients position themselves as industry leaders and close gender gaps and investing in the communities they serve. This year we would like to advance the #diversity agenda. #Digitaltransformation will also be a key pillar for our delivery. With our focus on impact, we are the best partner to support the LAC region. Read more here: está https://lnkd.in/dSmUGf9a

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camara comercio centroamericana "Trade Mission to Peru, October 17, Why This Forum is Essential: 1. Diverse Networking Opportunities: The forum offers a unique platform for attendees and sponsors to engage with key stakeholders across multiple industries. Whether you are looking to explore new business opportunities, attract international investors, or expand your product range into new markets, this event will connect you with the right people. 2. Region's Transformation: Peru is on the cusp of becoming a leading logistics hub in Latin America, thanks to significant investments like the $3,000 million Chancay mega port by Cosco Shipping and the expansion of the Callao port by DP World. These developments are set to transform the region's logistics and transportation infrastructure, offering lucrative opportunities for those involved. 3. Shaping the Future: By participating in this forum, you will not only gain insights into the latest trends and developments but also play a crucial role in shaping the region's transformation into a global logistics powerhouse. The knowledge and connections gained here will be invaluable as you navigate the evolving logistics landscape Marta Nicoli Cristina Isabel C. COSCO SHIPPING Ports Chancay Perú (Puerto de Chancay) Asociación de Exportadores ADEX LIMA AIRPORT PARTNERS ENAPU S.A. Percy Pelaez-Contti MBA CML Exports Inc Stephanie Alvarez Martín Fernández Díez Juan Carlos Mathews Salazar Jenny Rosa Medina Infante Andres Choy BBVA en México

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This week I had the pleasure of hosting Citibanamex’s CEO Manuel Romo and senior executive Alberto Gomez to meet with senior #USG officials and other key stakeholders to discuss #Mexico’s #economic and #political outlook, challenges and opportunities in the #bilateralrelationship and the importance of the upcoming #USMCA #tradeagreement review. #Mexico is the largest #tradingpartner of the #UnitedStates. In 2023 bilateral #trade exceeded $807 #billion in goods. However, it’s important to remember that the ties between our two #countries run deeper than just #commerce. We share not only a nearly 2,000 mile long #border but also strong #historical, #cultural and #familial bonds that cannot be broken.

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The tech gap in U.S.-Mexico cross-border trade logistics is widening, according to Panacea Strategy. Many carriers and supply chain providers are failing to adopt new technologies, potentially losing business to more tech-savvy firms.

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Independent Directors: Strategic Pillars in an Environment of Change and Disruption Good Corporate Governance in companies and the inclusion of Independent Directors on Boards of Directors are becoming increasingly significant. Attached is the article I contributed to the special edition of the Official Spanish Chamber of Commerce in Belgium and Luxembourg #SFFMagazine #CorporateGovernance #Spain #Luxembourg

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Open finance is gaining momentum in Latin America, but there are still regulatory and operational challenges to overcome. I’m excited to share that I’ll be joining the Regional Policy Dialogue for the Banking Sector on Consolidation of the Digital Financial System at BankLAC, organized by the IDB, to discuss the opportunities and challenges of implementing open finance on a regional scale. This panel I’ll be sharing with Luis Figueroa, General Director at Prudential Regulation at the Financial Market Commission, Luis Opazo Manager at the Association of Banks and Financial Institutions (Asociación de Bancos (ABIF)), Rosanna Ruiz, Executive President at the Association of Multiple Banks of the Dominican Republic (ABA) and moderated by Diego Alejandro Vera Cossio, Senior Economist, of the Research Department at IDB will be crucial for understanding how we can accelerate adoption and build a more inclusive financial ecosystem across Latin America. 🔗 I invite you to join the conversation and explore how we can shape the future of open finance in the region! https://lnkd.in/d_xf5sNN

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Experience doesn't have to compete with innovation. Making out the best of two worlds is the right course of direction. A growing mindset and a new culture working for customers wellbeing. 💡

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