CAF, ECLAC, IDB and PAHO promote equity and sustainable development in the Americas at the G20 Summit in Brazil

The Regional Organizations of the Americas, CAF -Development Bank of Latin America and the Caribbean, the Economic Commission for Latin America and the Caribbean (ECLAC), the Inter-American Development Bank (IDB), and the Pan American Health Organization (PAHO) congratulate the government of Brazil on its successful Presidency of the G20. In particular, the organizations celebrate the ability of the Brazilian G20 Presidency to build consensus around critical development issues, including poverty and hunger, global governance, and climate change. Through this Joint Declaration, the organizations reaffirm their commitment to translate the aspirations of the Brazilian Presidency of the G20 into tangible actions that promote equity and sustainable development in the Americas.

Background:

For the first time, four Regional Organizations of the Americas were formally involved by a G20 Presidency, reflecting the region's unique role in shaping global development. During Brazil's leadership in the G20, CAF, ECLAC, IDB, and PAHO contributed their technical experience, regional vision, and strategic orientation aligned with our respective mandates. Under the leadership of the Inter-American Development Bank, which this year held the presidency of the Group of Heads of Multilateral Development Banks, the MDBs published an Opinion Note outlining 16 key outcomes for joint action. The G20 incorporated 14 of these outcomes into its MDB reform roadmap. Brazil's theme, "Building a just world and a sustainable planet," reflects our common mission: promoting inclusive growth, equity, and resilience in the Americas.

The launch of the Global Alliance against Hunger and Poverty, one of the milestones of the Brazilian Presidency, underlines the urgency of coordinated and targeted investment to address persistent inequalities. In the Americas, this challenge is especially acute, with deeply entrenched inequalities weakening progress despite the Region's vibrant economic potential. The organizations will work together to promote sustainable and equitable growth and regional collaboration while supporting the work of their member countries to achieve sustainable development goals.

Regional coordination for regional challenges

The Americas are a region of contrasts: the economic prosperity of certain groups coexists with persistent poverty and hunger, revealing the systemic and multidimensional inequalities that limit inclusive social development and economic growth. To reverse this situation, bold and multisectoral action is required that takes advantage of our collective competencies to accelerate change and promote best practices based on evidence.

Commitments of Organizations within the framework of the Global Alliance against Hunger and Poverty

In addition to the commitment to cooperate and promote more integrated approaches, each of our organizations will take on the legacy of the G20 Process 2024 through the following actions to promote equity and fight hunger and poverty in the Americas:

Development Bank of Latin America and the Caribbean - CAF

CAF is committed to addressing poverty and inequality by improving the lives of vulnerable populations. The bank aims to allocate US$22 billion by 2035 in financing and technical assistance to improve infrastructure and expand access to essential services such as health, education, and food security. In addition, CAF will promote social protection mechanisms to directly impact key social indicators.

To carry out its mission, CAF will prioritize improving health services in Amazonian communities affected by diseases such as malaria. The bank will also strengthen countries' capacity for evidence-based policymaking and institutional development through technical assistance and training. By promoting alliances, CAF aims to mobilize resources and knowledge to promote SDG3. CAF is also committed to optimizing resource allocation and aligning its efforts with the Global Alliance against Hunger and Poverty. The bank currently has $1.6 billion in financial resources dedicated to fighting hunger and poverty, with $865 million approved for 2023 and 2024.

Economic Commission for Latin America and the Caribbean - ECLAC

Hunger and poverty go against inclusive social development, affecting the exercise of rights and the well-being of those who suffer from them. They also act as a brake on economic growth and productive development. ECLAC is committed to providing technical assistance, strengthening the exchange of information and knowledge on public policies, and collaborating with other members of the Alliance to develop innovative solutions, mobilize financial resources, and share good practices to combat hunger, poverty, and inequality. 

Inter-American Development Bank - IDB

The IDB committed to providing up to $25 billion in financing to support Alliance-led policies and country-led programs to end hunger and poverty. He also committed to ensuring that at least 50% of new projects approved by the IDB and 60% of IDB Lab projects go directly to vulnerable populations. The IDB also intends to serve as a key financial arm of the Alliance, promoting the reallocation of Special Drawing Rights (SDR) from the International Monetary Fund as a hybrid financing mechanism to multilateral development banks.

In addition, the IDB could provide up to $200 million in technical assistance to its member countries to design, implement, evaluate, improve, and expand priority policies and programs within the framework of the Alliance.

Pan American Health Organization - PAHO

Given that the elimination of hunger and poverty is essential to ensure healthy lives for all, and that equitable access to health is crucial to accelerate progress in these areas, PAHO will support the Global Alliance by working with other members to develop policies that strengthen primary health care, advance disease elimination efforts, and ensure equitable access to services to address non-communicable diseases and other critical health challenges. In addition, PAHO will collaborate with Alliance partners to provide technical assistance, training, education, and knowledge exchange, emphasizing the interconnection of the achievement of SDG 3 with the fight against poverty, hunger, and food insecurity, promoting at the same time socio-economic inclusion.