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Webinar to create international financing opportunities

Webinar to create international financing opportunities

The webinar with the IDB and the World Bank on "Financing Mechanisms" reminded the countries of the region of the investment opportunities that exist through research, loans and development projects. Full support for the initiatives of the Quito Process.

By Isadora Zoni

Ana Aguilera, social development specialist at the World Bank, said it clearly: the banks focus on long-term development and not specifically on humanitarian aid or emergencies. In the webinar "Financing Mechanisms", attended by 105 participants, the expert recalled that, although there is a good relationship and synergy with humanitarian agencies in the region, the possibility of making investments with the mainstreaming of the migration approach in the different government sectors is still open.

During the closing event of the Quito Process in 2021, Felipe Muñoz, head of the IDB Migration Unit, recalled that the IDB is committed to dialogues with governments to collectively understand the needs and priorities of countries on issues such as migration in host countries in times of COVID, climate change and diaspora in the Caribbean, and social perceptions and xenophobia.

Both Aguilera and Muñoz pointed out that they promote dialogues with host countries on the challenges and opportunities of migration, the exchange of good practices to generate regional experience with a sectoral approach, as well as the development of concrete actions to respond to migration flows. They also refer to the use of various communication tools to create an environment for discussion and debates, such as conversations, live events, specialized events, interviews, blogs; and tools to break stereotypes and foster empathy, such as augmented reality videos, visual ethnography and dialogue with migrants. 

Both panelists invited countries to make use of these tools and possibilities, providing clarification on funding mechanisms and possibilities for accessing loans, technical assistance and regional studies or research. 

They also assessed the need to:

  • Support the Regional Strategy against Xenophobia, with the possibility of using IDB resources;
  • Review the thematic axes for the implementation of technical cooperation projects;
  • Encourage applications to calls for proposals and research funds for studies at the regional level;
  • Support the Quito Process project portfolio.

In addition to financing, the financial entities spoke of the possibilities for technical assistance and cooperation. They indicated that these can be done through intersectoral coordination, response and financing plans, access to experiences and best practices, behavioral change management and perception or preparation of operational projects.