WORKING PROGRAM 2015-2016 AND 2015 BUDGET

WORKING PROGRAM 2015-2016 AND 2015 BUDGET General Secretariat May 2015

2015-2016 ALIDE WORKING PROGRAM T A B L E O F C O N T E N T S INTRODUCTION 1 ALIDE SERVICES 3 1. PUBLIC POLICIES AND DEVELOPMENT FINANCING 4 2. FINANCING SOCIAL AND PRODUCTIVE SECTORS 5 2.1. Agricultural and rural 5 2.2. Small and medium enterprises 6 2.3. Infrastructure and housing 9 2.4. Climate change and Environmental sustainability 10 2.5. International trade 11 3. PRUDENTIAL REGULATION AND BANKING RISK MANAGEMENT 12 4. BANK MANAGEMENT AND FINANCIAL TECHNOLOGIES 14 4.1. Bank and Credit Portfolio Management 15 4.2. Resource Funding and Bank finances 16 4.3. Banking operations control and support 18 4.4. Human Resources Development in Banking 18 5. FINANCIAL COOPERATION AND BUSINESS AND INVESTMENTS PROMOTION 19 6. CONSULTING PRODUCTS PROVIDED BY ALIDE AND ITS STRATEGIC PARTNERS 21 7. ALIDE AWARDS: BEST PRACTICES IN DEVELOPMENT FINANCIAL INSTITUTIONS 24 8. COMUNICATION AND INFORMATION 24 8.1. Communication 24 8.2. Information 25 9. INTERNATIONAL COOPERATION 27 ANNEX: ALIDE TIMELINE, 2015 --2016 ACTIVITIES GENERAL BUDGET 2015 Page

INTRODUCTION Latin American and the Caribbean countries coincide in the need to promote effective policies to advocate in the economy as a whole, in order to promote an increase in productivity, so as to give the leap to the next level of development, and enter with a greater force into the international competition. In such sense, public policies aimed at improving productivity of factors, innovation, consideration and connectivity of the territories as axis for comprehensive development, among others, are increasingly added to the agenda of the countries, and consequently, of development banks. To support the policies and measures aimed at inducing structural changes in the productive system, Latin American DFIs are acting in various fronts. To support the development of infrastructure, the modernization of businesses, the productive diversification, the emergence of innovative businesses, the development and strengthening of micro, small and medium enterprises and their entrance in international markets, as well as the support to innovation and technological development, the development of sustainable cities, knowledge and innovation. To prepare human capital with a better basic and technical education and entrepreneurial point of view. With a greater internationalization of DFI, by means of opening agencies, branches or representation offices to accompany Latin American companies, capture capitals, attract investments; presence at international capital markets taking advantage of the improvement in country risk ranking to capture at lower costs; establishing cooperation agreements with national and international banks and financial agencies, in order to promote bilateral trade, co-finance large projects, and provide technical assistance. And to support the financing of environmental projects promoting environmentally-friendly productive development. In that context, the action of ALIDE as the institution representing Latin America and the Caribbean development banking is oriented at developing a diversity of activities matching: global economic and financial trends; national economic policies, the countries orientation in financing the economic, social and environmental development of the region, and their goals of productive transformation, as well as sectorial and territorial development, the promotion of innovation and fostering and developing entrepreneurs. Activities that incorporate the demand and trends of the action of ALIDE member entities captured through different ways of identifying the needs, reports and the means of disseminating of development banks. The attention of urban and rural micro, small and medium enterprises by development banks is one of the main objectives within the transformation, productive development and productivity improvement processes, and innovative businesses. Therefore, the working program will emphasize the following fields of attention: microfinances, internationalization of businesses, financing SMEs, business development and the support of innovative businesses, and innovations in funding mechanisms and instruments, risk management and guarantee systems. Because of their strategic position in medium-and long-term financing and their attention to faults and the creation of markets, as well as their capacity to disseminate in local credit markets, development banks play a major role in the generation of environmental or green financial products, and lead the creation of an environmental financial culture, by advising their government in the development of strategies, schemes and instruments. Being aware of their important function, the action of ALIDE in this line will aim at helping DFI to liaise and gain access to the resources of the international green funds, in order to expand their activity in financing the mitigation and adaptation to climate change. The financial activity is greatly exposed to a number of risks. For this reason, there is an international prudential regulation to avoid them, -Basel II, and Basel III- as well as the development of good practices for risk management and administration. In the Working Program, the activities to be carried out will examine the risks from a corporate point of view, analyzing each one of them: credit, market, liquidity, operational, legal, and others, favoring the exchange of experiences in best practices and their application in corporate governance and institutional compliance. 1

With regard to DFI funding, it is important to mention the modalities and instruments used to capture resources to finance productive and social activities. For this reason, ALIDE activity will be focused in the topics of project finance, structuring, administering and extinguishing trust funds earmarked for productive development financing; to treasury business development, by means of a platform of monetary and financial products; and an adequate control of market and liquidity risks, based on a simultaneous management of active and passive operations. Added to this, we have business and investment promotion activities promoted by ALIDE by missions or encounters of development bankers to countries out of the region, the presence of development banks representatives and international financing bodies, bi-regional encounters of development banks, e.g. Latin America and the Caribbean and Asia-Pacific and with Europe. The goal is to strengthen financial cooperation, exchange good practices, and favor the mobilization of investment towards the region. The action of ALIDE is also oriented towards fostering management, developing human capital capabilities, as well as risk administration and management in banking activities, to the accumulation of new knowledge in financing instruments and modalities that contribute to productive transformation, and establish the role and importance of development banking as a public policy instrument to finance our economies. The development of ALIDE Working Program is effective under different modalities such as: international meetings, bankers missions, courses, seminars, economic and financial studies, advisory and technical assistance, consultancy, financial cooperation; and the provision of information, is possible as a result of the participation and collaboration of member organizations, international bodies and cooperation agencies. 2

ALIDE SERVICES To accomplish its mission, objectives and functions, ALIDE makes available for its member institutions a wide range of services, through programs, projects and activities with institutional, national and international scope: Technical meetings: organization of seminars, regional meetings, forums, round tables, etc., aimed at collecting proposals and new approaches on topics regarding operational policies and practices, as well as the administration and management of institutions that finance development. Studies and Investigations: systematic analysis with a pragmatic approach on different aspects related to the financing of development, which become important reference material and contribute to the adoption of operational policies and practices and to the design of strategies adequate to the functions of development banks. Training: in-person and virtual courses and seminars aimed at improving the knowledge of managers, professionals and technicians from financial institutions, fostering the exchange of experiences and good practices in operational policies and instruments for financing and promoting development. Consultancies: through a network of qualified consultants, ALIDE provides quality consultancy services to institutions that finance development, entrepreneurial development, as well as public and private entities, and international bodies with the same objective. Some specific products are included in the Consultancies section. Identification of business opportunities and the promotion of projects and investment: ALIDE collects permanently information regarding the main characteristics and terms for the co-participation in external financing sources. It comprises the organization of bilateral interviews, missions and business meetings, and the promotion of international financing and investment institutions. Technical assistance and practice: specialized advisory programs to prepare diagnosis and monitoring institutional operational processes, through the organization of workshops and seminars, as well as of internships to promote in situ interaction with the very managers of the financial programs and services applied by development banks. Information and documentation: the Latin American Documentation Center (CEDOM) makes bibliographic material and technical documentation available to ALIDE members. The Information Network RIALIDE, that gathers specialized documentation centers, keeps a wide and dynamic base for the interchange and dissemination of information with a regional scope. Publications: ALIDE promotes the edition of publications that because of their quality, novelty and importance, constitute true contributions regarding institutional actions in favor of development banking. News monitoring and spreading: ALIDE keeps development financial entities informed with news regarding the sector and relevant information on the activities carried out by the association and its members. To facilitate this agile exchange of information among the members and the financial community, ALIDE uses communication media such as ALIDE Magazine, ALIDENoticias Bulletin, digital bulletins E-banking and E-news (in English), the web page, the Virtual Library, and Facebook and Twitter social networks. 3

1. PUBLIC POLICIES AND DEVELOPMENT FINANCING Technical meetings 45 ALIDE Regular Meeting of the General Assembly A Boost to Productivity and Entrepreneurial Development: Connectivity, Innovation and Entrepreneurship. Internationalization and Financing The central topic of ALIDE 45 meeting will be A Boost to Productivity and Entrepreneurial Development: Connectivity, Innovation and Entrepreneurship. Internationalization and Financing. This meeting will analyze and discuss the current challenges posed by the improvement of productivity as a critical factor in the regional economic performance and in its integration to the global value chains, together with the action of developing banking to support the productive transformation process and the business development in face of such challenge. Within the framework of the activities of the General Assembly, the Meeting of ALIDE National Coordinators will be held, several Technical Committees will meet, and ALIDE 2015 awards will be granted to the best practices in development banking in different categories. Place and date: Cancun, Quintana Roo, Mexico, May 21 and 22, 2015. Organizer: ALIDE/NAFIN/BANCOMEXT. International Conference on Development Banking in the 21st Century This meeting will be organized to show experiences on the role and validity of development banking in the world, its relation with public policies and fields of activity of banks, funding sources, financing modalities (loans, guarantees, equity, etc.) investment and technical assistance; financing of infrastructure projects; climate change; productive, social and services sector; and international trade. Place and date: On occasion of the Annual Meeting of the World Bank / IMF that will take place on October 7 to 12, 2015 in the city of Lima, Peru. Organizer: ALIDE/FEMIDE. In-Person Training in Best Practices in Development banking Specialization Course in Development Banking and Finance Updating of knowledge and sharing experiences among Latin American banks and financial institutions, regarding new policies, approaches and practices in financing development. The course comprises the following modules: (a) development bank models in Latin America, (b) financial and banking technology; (c) development banking management and organization; (d) risk administration and (e) corporate governance in development banks. Place and date: Lima, Peru, September 7-11, 2015. Organizer: ALIDE/FEMIDE. Studies and Research Report: Situation, Performance and Internationalization of Latin American Development Banking, 2015 It will assess and analyze the main features and characteristic of the operational and financial situation and performance of DFI up to 2014. Specifically, the report will examine the structure of assets, sources of funding, structure of the portfolio by term, sector and size of the business, income and expense structure, profitability, past due portfolio, etc.; additionally, the actions and the process of development banking internationalization process through agencies, subsidiaries, branches and representation offices abroad; entering bank correspondence contracts and technical and financial cooperation agreements among development financial institutions and with out-of-region financial entities; the access to capital markets by issuing shares, bonds or other kinds of debt instruments to channel them to finance business and big projects; the participation representing their respective governments in international financing bodies beyond their sub-region; as well as their presence as 4

member of international bodies or initiatives with a regional and global reach which deal with topics of your interest. Date: April, 2015. ALIDE 45 Basic Study "Development Banking Mechanisms to Support Productivity, Entrepreneurship and Innovation" Latin American and the Caribbean countries coincide in the need to promote policies that influence in the economy as a whole, in order to promote an increase in productivity, so as to give the leap to the next level of development, and face international competition. In such sense, the basic study looks into the way development banks, through specific actions, are supporting public policies aimed at improving the productivity of factors, the integration of global value chains, innovation, the improvement of human capital, institutional development, innovation and connectivity of territories as axes for integrated development, fostering entrepreneurship, among other actions. The document will be presented at the 45th Regular Meeting of ALIDE General Assembly Date: May, 2015. At Distance Training (ALIDE E-Learning) Direction and Management of the Second Floor Banking This training course is based on a dynamic exchange of practices and experiences among participants in order to increase the knowledge of technologies for second-tier banking direction and management, with a special emphasis on risk management and profitability management, to secure the distinctive features of this business in financing, placements, planning, commercialization, etc. The course includes five modules: (a) strategic direction of the second-floor banking business; (b) strategy and innovation in operations: markets and bank products; (c) institutional management; (d) risks in secondfloor operations; and (e) prudential supervision of second-floor banking. Dates: July 13 to August 23, 2015. Workshop-Advisory Development Banking in Latin America and the Caribbean: Basics, Models and Good Practices Knowledge will be shared on the situation, approaches, trends and perspectives of development banking in Latin America, in their action to promote and finance productive sectors. Experiences of chosen financial institutions and technical advice to the participants will be presented, regarding institutional management, institutional transformation and modernization processes, first- and secondfloor operations, banking risks, risk capital for SME and entrepreneurs, as well as foreign trade financing programs. Place and date: Caracas, Venezuela, April 23 and 24, 2015. Organizer: ALIDE / Banco Nacional de Comercio Exterior S.N.C. 2. FINANCING SOCIAL AND PRODUCTIVE SECTORS 2.1. AGRICULTURAL AND RURAL Poor populations or those poorly integrated to the productive dynamics of national economies are generally located in rural areas, and depend, to a great extent, on agriculture. Consequently, social inclusion and the fight against poverty and inequality, and their great exposure to natural catastrophes demand priority attention to this sector. However, the risks inherent to agricultural activities and those activities depending on it indirectly, limit its development. For this reason, the working program for the agricultural and rural sector focuses on the topic of public policies for the sector, financial inclusion, risk 5

administration and management mechanisms and instruments and financial innovation that will be addressed through technical meetings, studies and exchange of experiences. Technical meetings Meeting Insurance, Catastrophic Risks and Hedge Instruments: New Developments and Good Practices in the Region In view of the current challenges posed by the in agricultural and rural development in Latin America and the Caribbean --food safety, price volatility, decrease of rural poverty, the conservation of the environment, and the provision of adequate resources for the growth and agricultural sustainability, and the recurrence of natural catastrophes are some of the most important ones--; the objective of the meeting is to analyze to use agricultural credit insurance as a means to better manage the inherent risks of providing credit services to a hard-to-reach rural clientele composed of smallholder families, in particular the catastrophic risks and opportunity to develop agricultural insurance to manage agricultural portfolios. Place and date: Lima, Perú, September o October, 2015 (date to be defined). Organizer: The joint organization will be proposed to a member bank ok ALIDE in Perú to be carried out at ALIDE headquarters and sponsored by FAO. Studies and Research Identification of Agricultural Risks and Application of Agricultural Insurance in Development Banks Portfolios The aim of this study is to identify and propose agricultural insurance products that Latin American development financial institutions may use as risk management tools in their rural and agricultural credit portfolios, and as a way to contribute to explore the application of the agricultural insurance in their operations. It comprises the analysis of experiences globally of the use of agricultural insurance to manage risks in credit portfolios; the diagnosis of agricultural credit insurance products applicable to four countries in the region; and the presentation and discussion of the final results of the study in a meeting with the participation of the different actors involved in the use of this kind of financial instruments. Collaborators: ALIDE / Food and Agriculture Organization of the United Nations (FAO). Date: October, 2015. 2.2. SMALL AND MEDIUM ENTERPRISES The attention of urban and rural micro, small and medium enterprises by development banks is one of the main objectives within the transformation, productive development and productivity improvement processes, and innovative businesses. Therefore, the Working Program will emphasize four areas of attention: microfinances, promoting the exchange of good practices; financing SMEs, involving funding, commercial management, and new products; entrepreneurial development, that is favored by nonfinancial services for the sector (training, information, etc.); and innovations in funding mechanisms and instruments, risk management, and guarantee systems. Technical meetings Meeting of ALIDE Financing of Rural and Urban Micro, Small And Medium Enterprises Technical Committee The objective of the Committee meeting is to analyze and share experiences on the programs and initiatives developed by development financial institutions to integrate the productive units of rural and urban sectors in the productive -or value- chains of national and international trade, particularly in the region, by providing an supply of financial and non-financial services in line with their needs, without losing sight that attending this sector demands a comprehensive approach, where financing is 6

only a part of the needs of rural producers, that must be complemented with a range of supports and services provided by other spheres of the public or private sector. Finally, the goal of the Meeting is to agree upon common interest activities, and promote a better interinstitutional cooperation within the context of ALIDE. Place and date: Cancun, Quintana Roo, Mexico, May 22, 2015. Organizer: ALIDE/NAFIN/BANCOMEXT. Seminar: Risk Capital and Startup Financing: Strengthening Credit to Boost the Entrepreneurial Ecosystem The seminar proposes to convene and share good practices in the region on financing startups in order to promote the participation of development banking in financing investments in an early stage and in the development and consolidation of entrepreneurial ecosystems in Latin American countries. Place and date: Santiago, Chile. (To be defined). Organizer: The joint organization has been proposed to Corporación de Fomento de la Producción (CORFO), Chile. Latin American Meeting on Small and Medium Enterprise Financing SMEs Financing and International Projection: Innovative Programs in Development Financial Institutions In line with the need of regional economies to improve their insertion in global markets and the importance of the international projection of SMEs in this process, the purpose of the meeting will be to examine innovation in financing schemes and instruments, as well as in productive development complementary services for small and medium enterprises, aimed at improving their productivity and promote their international competitiveness in the linkage to international value chains. Place and date: Buenos Aires, Argentina. Second semester of 2015. Organizer: ALIDE/ the joint organization has been proposed to Banco de la Provincia de Buenos Aires. XX Ibero American Forum on Guarantee and Financial Systems for the Micro and Small Enterprises Within the framework of the cooperation with the Ibero-American Guarantee Network (Regar), ALIDE will sponsor this important intercontinental forum that will have the participation of experts from Latin America and other parts of the world, to share good practices and innovations implemented by the bodies and guarantee systems in financing MSMEs. Place and date: Lima, Peru, September 24-25, 2015. Organizer: FOGAPI/REGAR sponsored by ALIDE/ IBERAVAL/SELA-IBERPYME/SPGM. Workshop-Advisory Microfinances in Latin America. How to achieve more productivity and efficiency? Micro financing industry in Latin America needs to advance and develop permanently in technology (management, computing, communications, etc.), channels of distribution, methodologies, processes, credit risk mitigation, among others, that influence favorably in attending the demand of their customers and generating profitability. Taking this into account as well as the levels of access to banking services in our region, this activity is aimed to promote the analysis and exchange of knowledge and experiences on management and business models of micro financing institutions, together with the factors that are influencing on their levels of productivity, efficiency and profitability, and propose technologies, controls and solutions controls that may contribute to the sustainability of the entities devoted to financing micro enterprises. Within the framework of the workshop, practical cases and advisory sessions will be organized in order to provide participating institutions with technical orientation on topics of their particular interest. Place and date: Lima, Peru, May 27-29, 2015. Organizer: ALIDE. 7

Internships SME Banking: Banco Provincia de Buenos Aires Experience and Good Practices Banco Provincia the oldest financial institution in Argentina- will share their experience, methodology, and good practices in financial management and the attention of small and medium enterprises (SMEs). Some of the topics to be discussed are: strategic and operational aspects of SME Banking, product portfolio and the impact on the customers, credit processes, funding, attracting and evaluating customer, management control. Additionally, topics on the mechanisms of promoting credit for SMEs, regulation and credit lines for investment will also be analyzed. Place and date: Buenos Aires, Argentina. Fourth quarter 2015. Organizer: ALIDE / Banco de la Provincia de Buenos Aires. In-Person Training in Best Practices in Development banking International Seminar - Workshop on Strategic Planning and Balanced Scorecard for Microfinance institutions The objective is to provide the participants with modern strategic management methodologies from the use of the Balanced Scorecard (BSC) for microfinance institutions, using techniques and processes to achieve the desired levels of effectiveness, with a measure of the risk appropriate for the sector. The models presented in this seminar take into account the best practices and their own learning, to incorporate in institutions a mentality of continual improvement when facing new challenges. Place and date: Lima, Peru, March 4-6, 2015. Organizer: ALIDE / INDE Consulting Chile. International Seminar Workshop on Guarantees and Risks in Financing Micro, Small and Medium Enterprises The objective of the seminar is to learn about and share experiences on the different types of products and mechanisms that systems and guarantee funds my offer, to assist in the access to financing and financing services of micro, small and medium enterprises. Special attention will receive the funding of guarantee entities, the appropriate management of guarantee bodies and in the SME sector, the supply of guarantee products and instruments -individual guarantees, portfolio guarantees, sureties, bonds, international guarantees, back-guarantees, liaison with guarantee bodies- public and development banks as commercialization channels, funding sources, strategic partners, as well as other topics. Place and date: Buenos Aires, Argentina, July 2015 (To be confirmed). Organizer: ALIDE / Fondo de Garantías de Buenos Aires (FOGABA) (To be confirmed). International Seminar - Workshop on High Performance Management for Heads of Agencies or Branches of Micro financing Entities The objective is to present modern managerial methodologies and tools for heads of agencies or branches to achieve the goals defined by the Top Management and Board of their respective institutions. To this end, the strategy and the local commercial plan for the agency will be developed; tailor made for the different segments of customers, customer loyalty programs, monthly and weekly planning for achieving goals, managing and controlling risk goals and provisions, developing and implementing a comprehensive collection plan for the agency; assimilating best practices to work with low performance advisors so as to improve their management and indicators, and managing a good control board including the main management indicators. Place and date: Lima, Peru, November 11-13, 2015. Organizer: ALIDE / INDE Consulting Chile. 8

At Distance Training (ALIDE E-Learning) Sales Direction and Management for Microfinance institutions During the course, the participants will receive knowledge and best practices on Sales Direction and Management in the industry of microfinances, from theoretical aspects to their practical application. The course comprises seven modules: (a) analyze the current situation of the industry of microfinances in the region; (b) review the main concepts for developing a commercial plan for the IMF; (c) present the tools leading to the creation of the value offer centered in the customer; (d) present recent tools in product development through the analysis of successful cases in the industry; (e) analyze and share the best practices to attract customers, and sales management in the field of IMF; and, (g) analyze and share the best practice in generating customer loyalty. Dates: November 26 to March 08, 2015. Distance Program for the Management of Credit Risk For Microfinance Institutions During the course, the participants will have a comprehensive view of the specialized management of risk in the industry of microfinances, from theoretical aspects to their application as management tools. For this purpose, the course will be distributed in eight modules: (a) introduction to microfinance, (b) risk management in microfinance, (c) preliminary assessment of customers, (d) willingness to pay, (e) capacity to pay - business flow, (f) capacity to pay - family flow, (g) impact in the final flow, and (h) collection management. Dates: June 15 to July 26, 2015. Advanced Program for the Management of Credit Risk For Microfinance Institutions The course is presented with more depth and advance level of the E-Learning course on Credit Risk Management, and will address specifically the areas of preventive collection, risk control and followup, administration of complex portfolios and collection at an advanced level. The course will be distributed in eight modules: (a) synthesis of knowledge, (b) management and learning indicators, (c) risk cost, (d) preventive collection, (e) complex portfolios, (f) advanced collection, (g) control auditing, and, (h) final case. Dates: October 19 to November 29, 2015. 2.3. INFRASTRUCTURE AND HOUSING To support their growth, Latin America and the Caribbean need investment in important sectors, such as infrastructure. The region invests in this sector about 3% of the GDP and need to invest some 5%, which represents sizable investments. For example, in its day it was indicated that Mexico needed, for the 2013-2018 period, investment amounts around US$1.6 billion to attend their infrastructure needs; Brazil needed to increase the level of investment in this sector to at least some US$35,000 million a year; in Peru the calculated deficit in infrastructure is more than US$80,000 million, and so forth in the rest of countries in the region. Thus, ALIDE working program proposes activities to analyze alternative financing mechanisms, funding, participation of DFI. Additionally, public works programs, housing savings plans, specially social housing, are included. Technical meetings Meeting of ALIDE Infrastructure and Housing Financing Technical Committee The objective of the meeting will be to analyze financing alternative that take into account the significant participation of private investment complemented with public investment, public works programs, housing savings plans, specially social housing, environmentally-friendly housing programs. Additionally, to agree on common interest activities and to promote the wider inter institutional cooperation within ALIDE framework, acknowledging that the role of development banking in - productive and social- infrastructure financing, is highly relevant, as well as the development of social housing programs. 9

Place and date: Cancun, Mexico, May 22, 2015. Organizer: ALIDE/NAFIN/BANCOMEXT. Latin American Meeting on Financing Infrastructure and Public Works In view of the urgent need to attend the infrastructure deficit in the region as a critical factor in the sustainability of growth and economic and social development, and the role development banking may play to articulate mobilization and leveraging of resources for that purpose, the meeting will analyze solutions for financing basic and services infrastructure as demanded by productive development, and the expansion of cities and urban centers, with the participation of local governments and the private sector. Experiences on financing engineering will be shared, regarding national, subnational and local infrastructure development projects, as well as financial cooperation within the framework of regional physical integration. Place and date: Fortaleza, Ceará, Brazil. Organizer: The joint organization of the meeting will be proposed to Banco do Nordeste de Brasil. Studies and Research Technical Report: Mobilization of Resources for Financing Infrastructure in Latin America and the Caribbean This report will analyze the experiences of development banking in financing and mobilization of resources for financing infrastructure and local development; the instruments used, as well as the joint initiatives for financing infrastructure projects for the regional integration. Advisory Workshop Structured Operations and Project Finance in Banking This activity intends to offer knowledge on the characteristics, requirements and conditions necessary to implement Project Finance adequately as a financial instrument to contribute to the feasibility of project financing in several areas and sectors of the economy. An expert in the field will present specific cases on Project Finance as well as advisory and technical orientation to the participants from development banks. Place and date: Lima, Peru, June 2015. Organizer: ALIDE. 2.4. CLIMATE CHANGE AND ENVIRONMENTAL SUSTAINABILITY Because of their strategic position in medium-and long-term financing and their attention to faults and the creation of markets, as well as their capacity to disseminate in local credit markets, development banks have advantages that call them to play a major role in the generation of environmental or green financial products, and lead the creation of an environmental financial culture, by advising their government in the development of strategies, schemes and instruments. ALIDE is fully aware of the importance of its task; therefore, its action will be oriented at strengthening DFIs financial and operative capabilities, at developing green products, to liaise and have access to international green fund resources, in order to extend its action in financing for mitigation and adaptation to climate change, as well as in the process of environmental sustainability in the region through the environmental and social management of their operations. 10

Technical meetings National Development Banks and Green Finances: Opportunities and Modalities to Access the Green Climate Fund - Lessons Learnt of International Green Funds The objective of the Workshop is to strengthen the participation of national development banks in green funds and in particular in the GCF - Green Climate Fund, within the framework of the role of DFIs in financing the mitigation of climate change and the environmental sustainability in the region. With this purpose, the objectives are to: (a) share experiences with green funds for National Development Banks; (b) strengthen the capacity to gain access to the international green fund GCF, and (c) review the situation of existing green funds in national development banks. Place and date: México D.F., México, April 20 and 21, 2015. Organizer: BID/NAFIN/ALIDE/CEPAL. Meeting of ALIDE Environmental and Climate Financing Technical Committee The Technical Committee stimulates the analysis of topics related with financing the preservation of the environment and the promotion of environmental quality in the countries in the region, with a special emphasis on the mitigation and adaptation to climatic change, based on study, technical meetings, exchange of information and experiences, as well as the development of cooperation and training programs, in order to complement and strengthen the action of financial institutions to support environmental policies, from the public as well as from the private scope. In the Technical Committee meeting, the topics to be addressed are the access of development banking to the International Green Fund (GCF), and the creation of green funds in banking, the advance of financial institutions in their environmental management and adapting to national standards or initiatives; and the solutions that may be shared through good practices in several sectors such as EE, ER, agriculture, transportation and urban development. Place and date: Cancun, Quintana Roo, Mexico, May 22, 2015. Organizer: ALIDE/NAFIN/BANCOMEXT. ALIDE GREEN AWARD DFIs are called to play a major role in the sustainable development of the countries, contributing to develop the local productive fabric, not altruistically or with a handout mentality, but trying to make production activities not only economically feasible and socially fair, that is to say including the actors involved, but also environmentally responsible, in order to achieve the conservation and preservation of the environment. In this field, DFIs from both Latin America and the Caribbean as from Europe have pioneered in the development of financial programs to finance the mitigation and adaptation to climate change, as well as in environmental and social management of their operations. To acknowledge these activities or initiatives, as from 2010, ALIDE Awards for Good Practices in Development Financial Institutions include a special annual award in a category called ALIDE GREEN AWARD, to which DFI may apply with their initiatives or programs originating in any of these ways: (1) by their participation in these initiatives; (2) by promoting among their customers the adoption of practices to minimize or eradicate environmental risks; and/or (3) by promoting the application of environmental management and development sustainable practices. 2.5. INTERNATIONAL TRADE In commercial terms, the countries in the region are not well integrated or interrelated; with large differences between the countries. Although the increase in intraregional exports has been substantial in the last 15 years, their participation in the total exports of the region have never exceeded 20%, very far from what happens in regions such as East Asia and the Pacific where such participation is closer to 50%. A sector deserving a particular importance is the exporting SMEs, as it is well-known that their importance, locally and nationally, contrasts significantly with their small participation in the area of 11

international trade. For this reason, the action of development Banks is vital to make it possible for a larger number of SMEs have access to regional markets as exporters of goods and services, with products with added value or that are integrated to exporting chains, one of the possibilities offered by the regional market. Internship Financing of Productive Chains and Support for Increasing Productivity of Foreign Trade in Mexico The actions carried out by Bancomext to support productive and multilatinas chains with financing and services will be made public. Financial products will be examined (working capital credits, specific credit lines, export/import credit resources, letter of credit for the exporter, international guarantees), foreign trade services, technical assistance and other kinds of support to facilitate the setup and expansion of exporting and importing companies and to generate more productivity in these sectors and their suppliers. The joint organization of the meeting will be proposed to Banco Nacional de Comercio Exterior S.N.C., Mexico to carry it out at their headquarters in Mexico D.F. Place and date: Mexico D.F., Mexico. Third quarter 2015. ALIDE / Banco Nacional de Comercio Exterior S.N.C. (BANCOMEXT). In-Person Training in Best Practices in Development banking International Seminar - Workshop on Operation and Risks Direction and Management in Import and Export Banks During the seminar, experiences will be shared on funding instruments and placing financial and nonfinancial products for exporting and exporting, with the adequate measurement and control of the risks involved in such operations. The kind of operations made by these banks to facilitate commercial operations of exporters and importers will be explained in detail. Place and date: Santo Domingo, Dominican Republic, September 22-25 (To be confirmed). Organizer: ALIDE / Banco Nacional de Fomento de la Vivienda y la Producción (BNV). (To be confirmed). 3. PRUDENTIAL REGULATION AND BANKING RISK MANAGEMENT The financial activity is greatly exposed to a number of risks. For this reason, there is an international prudential regulation to avoid them, -Basel II, and Basel III- as well as the development of good practices for risk management and administration. In the Working Program, the activities to be carried out will examine risks from a corporate point of view, analyzing each one of them: credit, market, liquidity, operational, legal, and others, favoring the exchange of experiences in best practices and their application in corporate governance and institutional compliance. Internship Operational Risk: Banco do Nordeste do Brasil Management and Practices The internship is aimed at providing knowledge and sharing on Banco do Nordeste do Brasil operational risk management. Operational risk policies, best practices, models, processes, human resources organization, and the impact achieved by risk management are the topics to be examined. The experience of Banco do Nordeste will be a benchmark for ALIDE member banks in managing operational risk. The joint organization of the meeting will be proposed to Banco do Nordeste do Brasil to carry it out at their headquarters in Fortaleza, Brazil. Place and date: Fortaleza, Brazil. Third quarter 2015. Organizer: ALIDE / Banco do Nordeste do Brasil. 12

In-Person Training in Best Practices in Development banking International Seminar - Workshop on Credit Risk Advance Models: Concentration Analysis and Notions about Scoring The objective is to train specialists with up-to-date knowledge on the main models used in credit risk management, including concentration analysis and scoring models. For this purpose, a step-by-step explanation of the most advanced methodologies currently used in credit risk will be provided. Place and date: Lima, Peru, March 25-27, 2015. Organizer: ALIDE. International Seminar - Workshop on Operational Risk Management: Strategy and Practices for the Banking and Financial Institutions Business Management A complete overview of operational risk management will be provided: from theoretical aspects to their application as a managerial tool, so that the financial institutions being can rely on adequate identification, management and control mechanisms to achieve an efficient and effective performance within their operational scope. For such purpose, the different components of operational risk will be analyzed from the perspective of the business, the control and management specific for the operational risk. Place and date: Buenos Aires, Argentina, May 11-14, 2015. Organizer: ALIDE / Banco Ciudad de Buenos Aires (BCBA). International Seminar - Workshop on Liquidity and Market Risk as a Managerial Tool in Banking The objective is to teach the participants to build and interpret market and liquidity risk indicators in decision-making by: implementing indicators for this kind of risks: a control board for the institution; a comparison of the approach of different methodologies used in risk analysis: GAP analysis, maturity, duration and value at risk (VaR); explanation of the financial margin indicators at risk (FMR), equity value at risk (EVR) and liquidity at risk (LAR) by means of practical cases; and the implementation of practical models of market and liquidity risk management. Place and date: Tegucigalpa, Honduras, August 12-14, 2015 (To be confirmed). Organizer: ALIDE / Banco Centroamericano de Integración Económica (BCIE) (To be confirmed). International Seminar - Workshop on Financial Risks Management with Monte Carlo @ Risk Simulation During the seminar, the participants will implement in a practical and immediate manner, the models learnt. For this purpose, there will be an introduction to Monte Carlo Simulation and its initial applications, so as to apply them to liquidity risk, credit risk and operative VaR models. The knowledge built by the participants will be complemented by preparing and discussing currency, interest rate and pricing risk models. Place and date: Miami, Florida, USA. Second semester of 2015. Organizer: ALIDE. At Distance Training (ALIDE E-Learning) Risk Analysis and Rating in Financial and Non-Financial Institutions Specialized and intensive training will be offered, in order to provide the participants with a complete overview of the elements used in credit rating. Upon completing the course, the participants will be able to identify and understand the information contained in a rating report to be used in investment decision-making; apply a structured approach to evaluate corporate credit risk; calculate and interpret the main financial and non-financial indicators used in the rating process; understand the concepts of backup sources and shelters; and conclude that risk rating is an additional element in investment decision-making. Dates: March 23 to April 26, 2015. 13

Management of Operative Risk: Strategy and Practices for the Management of Banks and Financial Institutions Business The goal is to provide the participants with a complete overview of operational risk management from theoretical aspects to their application as management tool. The course will be divided in six modules: operational risk strategies, factors and events; structure of operational risk; central elements to identify, measure, manage, control and monitor such risks; qualitative and quantitative aspects to be considered when implementing an operational risk model; requirements of effective equity for operational risk methods and best practices in implementing a comprehensive solution for managing operational risks. Dates: September 28 to November 08, 2015. Advisory Workshop Banking Regulation, Risk Models and Measure of the Impact of Financing The objective of the workshop is to provide the knowledge and experiences on the scope and implications of the Basil Capital Agreement (Basil III) for private and public banks, the management and mitigation of credit risk, the measurement of the economic and social impact of development banking, the rules of scoring, the models and their re estimation for a good follow-up of credit portfolio, simulations and validations for decision-making, among others. Another main objective of the workshop is to provide advisory and technical orientations on portfolio management, financial and non-financial risks control and mitigation, and present computing solutions for the best management of banking risks. Place and date: Barcelona, Spain. Third quarter of 2015 (July - to be confirmed). Organizer: Aplicaciones de Inteligencia Artificial S.A. (AIS), Spain. How to Implement Operational Risk Management Systems in Banking? Development banking must design operational risks models to make it possible to measure, control and mitigate these risks. For this purpose, it is necessary to promote a risk culture in the institutions, develop mechanisms for capturing information, among others. Aspects on Basil III and operational risks will be examined, as well as the definition of the strategy for operational risk management; gap determination; operational risk management organization, policies and functions; risk mapping. The participants will receive advisory and technical orientation, to support the improvement of operational risk management in development banking. Place and date: Lima, Peru. Fourth quarter 2015. Organizer: ALIDE. 4. BANK MANAGEMENT AND FINANCIAL TECHNOLOGIES Banking activity poses a series of challenges that push financial institutions to innovate constantly in funding mechanisms and resource allocation, as well as in the operational, technological and performance of human capital. ALIDE activity will have an influence on those aspects related to portfolio management, the promotion of good practices of Corporate Governance (GCR) and corporate social responsibility (CSR), structuring of fiduciary operations, management of finance and treasury, valuation, auditing and supervision of guarantee appraisals, management of processes and quality in banking, and the new trends in the development of human capital. 14

4.1. BANKING AND CREDIT PORTFOLIO MANAGEMENT In-Person Training in Best Practices in Development banking Seminar - International Workshop on Corporate Governance, Risk and Compliance (GRC) in Banks and Financial Institutions The objective is for participants to be able to understand and exchange experiences in aspects that lead companies to introduce a holistic view into the business strategic direction, as well as to identify the main benefits of its implementation by component and aggregated. Analysis tools for GRC evaluation in the organizations shall be provided, and regulations of the region regarding GRC or individual components will be reviewed. The course has been designed in five modules: (a) relevance of governance, risk and compliance, (b) corporate governance, (c) risk comprehensive management (d) compliance, and (e) strategy and business alignment. Place and date: Asunción, Paraguay, June 8-11, 2015. Organizer: ALIDE / Banco Central del Paraguay (BCP). Seminar - International Workshop on Institutional Compliance in Banks and Financial Institutions The aim is to provide a comprehensive vision of the different components involved in the regulatory compliance function in financial institutions. Within this context, regulatory compliance becomes an essential component in order to achieve corporate objectives, this compliance activity, as the activity, besides complying with standards, is aligned with the compliance of internal policies and standards that protect the value of the companies, and as such should be included in the actions of the organizations in various areas. Place and date: San Salvador, El Salvador, August 25-28, 2015 (To be confirmed). Organizer: ALIDE / Banco de Desarrollo de El Salvador (BANDESAL) (To be confirmed). International Seminar - Workshop on Audit, Internal Control and Risks in Banks and Financial Institutions During the seminar, the tools to identify, measure and manage comprehensively financial risks and audit and control processes in a financial institution will be examined. This will make it possible to establish internal controls to reduce the impact of all risks related to the banking business. For such purpose, the techniques launched within the control framework called COSO II will be used. It focuses on risk management (beyond the intention of reducing risks as proposed in COSO I) by means of techniques such as risk portfolio administration. Place and date: Montevideo, Uruguay, October 27-30, 2015 (to be confirmed). Organizer: ALIDE / Banco de la República Oriental del Uruguay (BROU). At Distance Training (ALIDE E-Learning) Unexpected Default Risk Prevention: Auditing, Supervision and Guarantee Appraisal Aware of the importance of an appropriate management of appraisals and valuations to avoid financial crisis, the course intends to make available for officers in these activities a new approach containing preventive criteria with early alerts and the model of a management system, so that they may cope adequately, as well as comply with the demands and responsibilities of their function, minimizing and protecting their institutions of the risks of a sudden increase in credits with guarantees of weak recovery or insufficient value in view of the potential increase in bad debts, as well as the formation of the so called financial bubbles. Dates: April 13 to May 17, 2015. Credit Portfolio Recovery in Banks and Financial Institutions To update knowledge, strengthen skills and share experiences about technology and procedures for loan portfolio effective recovery, based on techniques and strategies aimed at the analysis of debtor 15

behavior, recoveries financial technology. Upon completion of the course, the participants will be able to use modern managerial techniques to improve the efficiency in credit recovery in their institutions and foster the culture of payment among their customers. Dates: September 7 to Sunday, October 18, 2015. Business and Credit Strategies for Latin American Banks and Financial Institutions In most Latin American institutions, after the global crisis of 2008, there is a clear need to reassess the use of strategies in direction and management, revealing the multi-product business model through strategic plans only does not achieve the expected results. Therefore, it is quite important to apply strategic direction as a commitment if the objective is a healthy entity in a changing environment. In particular, when the levels of competition are too high and stressful, it is urgent to know in full the way such techniques operate, in formulating as well as in applying the market strategies to be used. During the course, the work will be specialized, dynamic and intensive with great intervention of the participants, in order to increase knowledge and experiences in business and credit strategies. Dates: November 23, 2015 to January 17, 2016. Administration and Management of Development Projects Upon completion of the course, the participants are expected to obtain the required skills to face the challenges posed by the mission and the management goals. In such sense, they will be provided with the project formulation tools, that define the elements in the organization environment, the aspects of their strategic planning (explicit or implicit, present or absent in organizational behaviors), with management by objectives, the budgeting of programs ordering actions, the definition of performance measurement indicators, and their follow-up and control. Dates: Fourth quarter of 2015 (Dates to be confirmed). 4.2. RESOURCE FUNDING AND BANK FINANCES Development banks have different type of funding resources to perform their operations and to this end they make use of different mechanisms for obtaining mainly medium- and long-term resources. For this reason, ALIDE activity will be focused in the topics of project finance, structuring, administering and extinguishing trust funds earmarked for productive development financing; to treasury business development, by means of a platform of monetary and financial products; and an adequate control of market and liquidity risks, based on a simultaneous management of active and passive operations. Studies and Research Trust Funds as a Financing Mechanism in Development Banking The report will collect experiences of development banks in the incorporation and administration of trust funds to finance productive sectors. A comparative analysis of the legislative framework governing trust funds operations in the region countries will also be conducted. The report will also include experiences presented in meetings and seminars on this subject organized by ALIDE. In a first stage, data has been collected on the legal framework legislation in Latin American countries. In the second stage, it is planned to request DFIs detailed information about the different kinds of trust funds that they manage, their problems and advantages. Internships Trusts: Structure, Administration and Operative Aspects The objective of the internship is to share experiences and good practices in structuring, administrations and close of trust funds carried out by Corporación Financiera Nacional de Ecuador. Its internal organization, strategic guidelines, internal guidelines, operations and liaison with internal / external customers will be examined. Practical cases will be organized to deepen the knowledge on 16

trust funds legal and financial aspects. The experience to be shared will be a benchmark for ALIDE member banks in managing trust funds. The joint organization of the meeting will be proposed to Corporación Financiera Nacional to carry it out at their headquarters in Quito, Ecuador. Place and date: Quito, Ecuador. Third quarter 2015. Organizer: ALIDE. In-Person Training in Best Practices in Development banking International Seminar - Workshop on Administration and Management of Trust Operations The objective of this international workshop-seminar is to analyze topics such as: trust funds and stock market activity in Latin America; assets securitization legal regime; fiduciary activity and money laundering; trust funds in international operations; guarantee trust and their procedural problems; fiduciary institutions civil liability; and trust funds as a public policy tools. It will also include presentations of experiences on topics such as: securitization trusts; project finance trust funds; guarantee trusts; trust funds related to housing and mortgage; and a banking rescue through trust funds. Place and date: Asunción, Paraguay, July 22-24, 2015 (to be confirmed). Organizer: ALIDE / Agencia Financiera de Desarrollo (AFD) del Paraguay (To be confirmed). International Seminar - Workshop on Structured Products and Securitization of Development Projects There will be an analysis of the financial and capital markets institutions and instruments: investment and commercial banks, their functions and suppliers of non-structured financing, as demanders of securities issued by the companies, as provider of issuance structuring services and as underwriter of such securities. There will also be a review of pensions funds, mutual funds, financial management of fixed and variable income portfolios, the evaluation of the portfolio administrator management, financial trust funds, redeemable and convertible obligations, project financing, leasing and structured products: securitization, trust funds, reciprocal guarantees. Place and date: Quito, Ecuador, November 24-27, 2015 (to be confirmed). Organizer: ALIDE / Corporación Financiera Nacional (CFN) (To be confirmed). At Distance Training (ALIDE E-Learning) Strategic Treasury Direction and Management in Financial Institutions During the course, a specialized and intensive exchange of experiences among the participants will be offered, in order to increase knowledge in treasury strategic direction and management technologies in financial institutions, based on the Latin American experience. For this purpose, the course is aimed at the development of treasury businesses, by means of a platform of monetary and financial products, aiming to meet customer expectations on treasury products - Cash & Liquidity Management, under a risk control management approach. Dates: March 2 to Sunday, April 12, 2015. Asset - Liability Management (ALM), Duration Approach in Market Risk Control in Financial Institutions The course will go into detail about the knowledge and techniques of executives, professionals and technicians from financial and banking institutions in Latin America, in the control of market risks starting from the simultaneous management of active and passive operations, using the ALM technique and the duration analysis. The course comprises four modules. (a) asset liabilities management (ALM); (b) market risks in financing institutions; (c) market risks control: duration approach; and (d) risk monitoring by the duration method. Date: May 11 to June 21, 2015. 17

4.3. BANKING OPERATIONS CONTROL AND SUPPORT Banking operations represent the support by means of which all banks active operations can be made for the provision of banking services. In this respect, it is of major importance to consider processes, information technology, communication systems, banking technology and everything that makes it possible to provide these services to internal and external customers. Therefore, ALIDE s task will be focused in strengthening banking processes technology, exchange of experiences in core banking, and quality management to allow the continual improvement in the provision of services and the attention of customers. Internship Quality Assurance in the function of Internal Auditing Based on the experience of a prominent bank, member of our Association, this internship will present and analyze the application of Risk Based Audit in performing their functions, the importance and implications of the internal consultancy services, the best practices and the application of the qua lity assurance program of Internal Auditing. Additionally, some cases on the auditing process will be presented, as well as other exercises to strengthen the learning process of the participants. The joint organization of the meeting will be proposed to BancoEstado to carry it out at their headquarters in Santiago, Chile. Place and date: Santiago, Chile. Fourth quarter 2015. Organizer: ALIDE. In-Person Training in Best Practices in Development banking International Certification Program for Specialists in Process Management for Financial Institutions The objective is for participants to learn the fundamental principles of quality management based on the ISO 9001:2008 Standard, document the process sequence and interactions, establishing the mapping, surveying and analysis of information, design of improved processes, setup, evaluation and understanding the need to measure the key characteristics of the processes and of establishing the respective management and performance indicators. Place and date: Colombia, October 6-9, 2015 (to be confirmed). Organizer: ALIDE / local sponsor (To be confirmed). 4.4. HUMAN RESOURCES DEVELOPMENT IN BANKING Organizations' success largely depends on the capacity, sense of belonging and motivation of human resources. "There is nothing more rewarding than participating in the definition of objectives (dreams) and to achieve them". Consequently, achieving the alignment between the strategic objectives of the institution and the objectives of the human resources area is an evident need, as well as empowering their capabilities and leadership. The vision of institutional future will always be a valid frame of reference for strategic direction to define what we should do and how we will do, with the institutional human resources. In-Person Training in Best Practices in Development Banking International Certification Program in Human Resources Strategic Direction The program is aimed at strengthening managerial and leadership capacity of participating executives linked to the human resources area, by identifying and applying methodologies, and good practices recognized at international level, as instruments that will contribute and increase productivity, quality of the services and job satisfaction. For such purposes, the program has been designed in modules, comprising the following topics: basics of human resources strategic direction; human resources 18

strategic planning under the Balanced ScoreCard scheme; methodology to prepare the human resources operational plan; human resources management by objectives and results; and human resources management indicators. Place and date: Quito, Ecuador, June 23-26, 2015. Organizer: ALIDE / Alfredo Paredes & Asociados Cía. Ltda. of Ecuador. International Seminar - Workshop on Operational Risk Management: Towards an Evolution of the Human Capital Performance Assessment The participants will become acquainted with the principles, procedures and instruments of performance management corporate systems as a global strategy for human capital management, which aims to improve organizational performance through coordinated integration of the different levels of performance and the different elements that affect them. Place and date: Lima, Peru, July 8-10, 2015. Organizer: ALIDE. At Distance Training (ALIDE E-Learning) Strategic Management of Human Resources by Competencies The aim is to strengthen the managerial and leadership capabilities of the participating executives and officers through the identification and practical application of modern and advanced methodologies for the administration of human resources by competencies, as a tool to contribute with the improvement of their personal performance and the management of the institutions they represent. The course has been designed in five modules: (a) design and validation of profiles by competencies, (b) selecting personnel by competencies, (c) assessment of performance by competencies, (d) training based on competencies and the feed-back process; and (d) administration of remunerations and incentives. Dates: August10 to September 20, 2015. Human Capital Measuring Tools To teach in detail the human capital measuring tools that may be in use in Latin American organizations in the last few years without a precise definition of their benefits and limitations. The objective is to provide competencies in using these measuring tools that are well known by name, but not so much in depth, and in their usefulness for organizations. The tools to be analyzed are the following: simulations and assessment centers, 360º degrees feedback, climate, culture and work satisfaction surveys, and the matrix of work performance. Dates: November 9 to December 20, 2015. 5. FINANCIAL COOPERATION AND BUSINESS AND INVESTMENTS PROMOTION According to ALIDE s work on business and investment promotion, the Association also promotes the identification of international financing and investment sources with the possibility to make financial, economic and technological contributions to the implementation and development of projects, businesses and investments in Latin America with the participation of the regional development banking. To this end, ALIDE will promotes missions of Latin American bankers to international bank headquarters and international cooperation bodies, to disseminate the main lines and programs of international financing or cooperation for Latin America and the Caribbean. In such sense, ALIDE promotes meetings or encounters with development banks in other Regions (Europe, Asia, Africa, Islamic Countries) to deepen the cooperation and business relations with development banks y and countries in such regions. 19

Technical meetings Meeting on Latin American Productive Integration and Value Chains: the Role of Development Banking in Financing for the Regional Productive Integration. The joint organization of this technical meeting has been proposed to CEPAL, aimed at analyzing the role of national development banks in the regional productive integration process, according to the objective of encouraging the Latin American productive integration and complementation where development banking may play an important role, not only through productive credit, but also by financing and promoting intra-regional projects, businesses and investments. Place and date: Santiago, Chile. Second semester of 2015. Organizer: ALIDE/FEMIDE. ALIDE Business and Investment Technical Committee Meeting The Committee analyzes and promotes the identification, selection, promotion and financing of joint businesses, investments and projects, including the mobilization of internal and external resources for such effect. Additionally, it supports the action of development banks in formulating, designing and applying new financial mechanisms oriented at reinforcing competencies and exporting capacities of the businesses. The purpose of this Meeting is to advance in the definition, structuring and implementation of financing mechanisms to promote trade, investment and joint business among Latin American and the Caribbean development banks, as well as with entities in other regions. It also is expected to add more DFIs and regional bodies to share proposals raised in the Committee, as well as to submit other initiatives designed to increase financing, business and investment flows in the region. Place and date: Cancun, Quintana Roo, Mexico, May 22, 2015. Organizer: ALIDE/NAFIN/BANCOMEXT. Missions Development Bankers Mission to the Agence Française de Développement - AFD In accordance with ALIDE's objective of mobilizing resources for financing the Latin American development and strengthening the relationship and cooperation among national development banks with international financial institutions to that end, a mission of Latin American and the Caribbean bankers is being organized to AFC in Paris, France, to learn in detail the system and the solutions to development financing of the Agency in our region, the priority sectors and the ways it operates together with the local banking, as well as to make overtures around projects and activities of common interest. Likewise, visits to other bodies of the French development cooperation system for business and investment development and promotion with Latin America and the Caribbean will be made. In the framework of the mission, intended also a visit to the Commission for Cooperation and Development (DEVCO) of the Union European, based in Brussels, Belgium, and learn about policies and lines of cooperation of the European Union with Latin America and the possibilities for development banks. Place and date: Paris, France, September 19-24, 2015. (Dates to be confirmed). Organizer: AFD/ALIDE. Information International Financing Sources Directory Its purpose is to spread international financing modalities with information on financing modalities, countries, sectors and projects of interest, financing conditions, etc., of international financing sources. Additionally, it will include a section on investment funds and risk capital potentially interested and/or experienced in projects and business opportunities in Latin America and the Caribbean. 20

Similarly, ALIDE Magazine, a quarterly supplement "Financing Sources and Investment Opportunities" is distributed. This publication includes information on international financial sources, modalities, financial conditions and contact information; and the most recent operations granting facilities and cooperation for the region and towards development banking. Studies And Investigations Investment, Trade and Cooperation, two-way road: Development Banking in Latin America and Europe This publication collects the results of the "V Encounter of Development Banks from Latin America and the European Union", held in Madrid, Spain, organized by ALIDE and Instituto de Crédito Oficial (ICO), from Spain. This publication will become an important reference for development banks, rulers, and policy-makers responsible for the design and implementation of public policies for financing development, academics and researchers, and any person interested in the function performed by national development banks, in order to promote the joint financing of projects and investment initiatives of mutual interest for stakeholders in both regions, contributing in this way to strengthen economic ties. At the same time, it will help to deepen the integration of Latin America and the Caribbean and Europe, starting by financing of multinational projects that allow the economies to complement substantially and to diversity the exportable production, as well as to promote investment and trade in both directions. Date: March, 2015. Business Management Bilateral Business and Cooperation Meetings Within the framework of ALIDE Annual General Assembly, logistic support is promoted and offered to prepare business bilateral meetings between the participants in general and especially between development financial institutions, in order to close a business or joint cooperation activities. Additionally, every year there are encounters or forums with extra-regional financial sources in order to approach Latin America and the Caribbean development banks with entities interested in promoting investments and business with our region. 6. CONSULTING PRODUCTS PROVIDED BY ALIDE AND ITS STRATEGIC PARTNERS Good Corporate Governance Index (GCGI) With good corporate governance practices, companies establish a better organization, gaining efficiency, competitiveness, generating value in the activities they carry out. But, how can we find out if they are applying the specific strategies correctly? For such purpose, ALIDE, together with the consultancy companies Mercados de Capitales, Inversiones y Finanzas (MCIF) y Global Risk Management (GRISKM)- led the creation of a standard on the quality of corporate governance, to be applied to financial institutions, to be provided as a consultancy service. The application of the IBGC comprises two stages: (1) a first stage of diagnosis of the standard of the corporate governance to establish a level of qualification or degree of quality of the corporate governance; and, (2) planning and implementing improvements to the corporate governance. The qualification derives from the corporate governance standard in place in the institution. Such assessment is carried out by identifying the risks limiting the creation of value as a result of the current good corporate governance (GCP) practices. The qualification will be valid for a year, after which it will need to be updated. 21

During the GC improvements planning and implementation stage, the following is intended to be achieved: (a) a specific characterization of the improvements required in GC, based on the quality assessment made, and settle as specifically as possible, the mechanisms required for that purpose; (b) prepare, based on the methodology, the plan and the implementation of improvements in GC; and (c) accompany in implementing for each of the improvement areas, as needed by the banks. Sistema de Gestión Integral del Riesgo (Risk Comprehensive Management System) - SENSOR GIR. This is an early alert system to evaluate and control risks for financial institutions, in order to assess managerial results, analyzing quantitative and qualitative indicators. Additionally, it establishes a correlation between expected and achieved results, both from the economic as well as the financial point of view, identifying significant detours, in order to apply the necessary corrective measures on time. To apply it, historical information is use in order to build trends with the indicators obtained, which, once completed with the projections, reveal immediately the early alert signal, not only to assess the present situation, but also the future one. This will make possible to make timely decisions to reduce the risks observed to a great extent. The results produced by the GIR are utterly important for: (a) the institution, because it learns about its financial and economic situation on line, measured through the management of its risks; (b) the Board, who uses this analysis striving for the maximum efficiency which would allow them to keep a sound financial position, and obtain the adequate profitability on the investment; (c) the existing internal control for the activities to develop within the parameters established for such effect; and (d) in the case of second-floor entities, to be able to follow-up first-floor intermediaries and have signs to be able to anticipate potential risks of deterioration of the future situation of those entities. Support to Strengthen the Implementation of Basil Agreements. The purpose is to monitor and evaluate Basil Principles, in order to contribute to a permanent due implementation, because of its importance it entails for the financial stability of the countries and the financial institutions themselves, as well as the financial supervision superintendence or bodies. The consultancy considers the following aspects: The assessment of the degree of implementation of Basil 25 Basic Principles An Assessment Report containing the result of the condition and degree of implementation of each of the Principles, as well as also the corresponding recommendations to comply with their due implementation, as the case may be. The Implementation of Basil Principles as well as the permanent Monitoring and Evaluation for the financial entity. This kind of activity is accepted within Basil Principles, when indicating that Basic Committee will play a role, together with other interested organization -in this case ALIDE: in monitoring the progress achieved at instrumenting the Principles. Agricultural Credits Assessment and Classification According to the Productive Cycle The objective is to contribute to bringing financial entities together in supporting agricultural financing, through an appropriate and fair policy for assessing and ranking agricultural debtors, by means of which both debtors and financial institutions may be benefited. The benefits are the transparency on the actual situation of agricultural credits, lower costs for the agricultural debtor, and lower provisions for the financial institutions. The consultancy comprises the following: 22

Prepare a circular or standard for the assessment and classification of agricultural credits; have as basic assumption that because of their nature they should be based on campaigns, following the productive cycle defining the actual situation of the agricultural debtor management. The standard proposed considers that agricultural credits should be considered in the normal classification category during the two (2) first agricultural campaigns. Subsequently, and if the risk situation continues, it would be considered as overdue credit in the third campaign and as loss after the fourth campaign. If the mentioned standards are applied, the total provisions for agricultural credits would be released, as they would be classified as a portfolio with potential problems and deficiencies. In order to minimize the risks, the proposal includes the design of a form on the minimal technical aspects that support the feasibility of the plot or hectares of the proposed sown field, which should be annexed to the Credit Proposal. In this order of ideas, the basis for developing the application of productive chains engaging the four (4) actor of agricultural financing are established: the agricultural debtor duly qualified, the appropriate suppliers, the buyer, already registered, and the financial body providing the credit. PSICONET On-Line Psychometric Evaluation Tool. As part of a strategic alliance with the consulting company, Alfredo Paredes & Asociados Cía. Ltda., Psiconet is offered. This is a computing tool based on the Internet that administers psychometrical tests developed to be used in human capital selection, evaluation and development. The computer psychometrical service makes it possible to perform on line measurements of a series of psychological constructs (e.g. intelligence, personality, creativity) related to a successful work performance. Psiconet has the following modules: Cognitive Competencies Measurement Battery (BMCC): This is a group of sub-tests that evaluate basic cognitive competencies in people. Personality Penta-factorial Occupational Questionnaire (COPP): Instrument that measures two global dimensions of the personality as self-control and industriousness, added to five primary features: irritability, worry, locus of control, perfectionism and organization. Behavioral Competency Situational Test (TSCC) Instrument to simulate, fully or partially, a work situation or activity, for the applicants to show their level of development of behavioral competencies of this type. Technical Competencies Measurement Test (TMCT) The Psiconet makes it possible to automate knowledge tests with any characteristic to improve the measurement of the and to establish the gaps between the profile and the holder of the position to general development plans and training. Automated System for the Administration of Human Resources by Competencies - COMPERS. Also part of a strategic alliance with the consulting company, Alfredo Paredes & Asociados Cía. Ltda., COMPERS is offered. This is a software for managing human resources by competencies, with comprises eleven modules: (1) administration, (2) bases and profiles (organizational structure, competencies inventory and profiles, administration by competencies), (3) valuation of charges, (4) selection and induction, (5) assessment of performance, (6) assessment of results, (7) training and results, (8) labor survey, (9) career plans, (10) occupational safety; and (11) minimal workforce. The consultancy consists in the implementation of COMPERS, transference of technology to administer it. For this purpose, two experts from the company will provide training in human resources management by competencies and in the use of the software for the staff in the institutions contracting the consultancy, as well as piloting the application of the competencies model and using the COMPERS, during the stay at the entity. 23

Assessment of Development Banks Performance - INDICE ALIDE PLUS Regarding the performance assessment, it has been commonplace to bias the measure of performance towards indicators of solvency, profitability and risk management; measures that have a rationale (health and survival is the priority), but not the ultimate and sole objective of development financial institutions ALIDE in alliance with the company Aplicaciones de Inteligencia Artificial S.A. from Spain, has developed a performance assessment tool for development banks, which has as background a basic methodology developed in 2007. The current tool, called INDICE ALIDE PLUS incorporates new modules, flexible and adaptable to the nature and the compliance of the mandate of development financial institutions, and does not pretend to substitute the measures used, but integrate them into a wider vision, where, on one hand, the valuation of traditional measures is made in social terms (job creation, social inclusion, reduction of poverty, increase in fixed capital, increase in exports, etc.), and on the other, measures of their efficiency are incorporated in the specific objectives typical of development financial institutions. The consultancy consists of: (a) a diagnosis of the financial institution activity and the availability of databases for evaluating performance; (2) development and adaptation of a methodology and a computing tool for evaluating the performance; and (3) the bank's performance assessment report. 7. ALIDE AWARDS: BEST PRACTICES IN DEVELOPMENT FINANCIAL INSTITUTIONS ALIDE awards for Best Practices in Development Financial Institutions were instituted in 2008, and in the first six years 30 ALIDE members entities have received awards. This year, 2015, the eighth version of the contest will take place, with the objective of identifying and honoring the best practices and innovative products and services in development banking in Latin America and the Caribbean, to acknowledge and highlight the contribution of these institutions to the economic and social development of the countries in the region. This contest considers three main categories and one special (see ALIDE Green Award) in which institutions may participate, and that are aimed at comprising the largest number of aspects related to development financial institutions activity and management. These categories are: (1) Financial Products; (2) Technological Management and Modernization; and (3) Information, Technical Assistance, and Social Responsibility. The proposals to be submitted must comply with certain requirements, such as the following: to be in line with the social mandate of the bank, to be innovative, that the benefits may be quantified, that the beneficiaries are clearly identified, that the proposal is documented and preferably able to be used as a referent for other development financial institutions. The evaluation by an independent jury will take into account relevance criteria, its impact in the target sector, objectives, results, innovation and sustainability in time. The terms of the contest can be read in detail at: http://www.alide.org/premios_alide.asp. The results will be announced and the awarding ceremony will take place during ALIDE General Assembly in Cancun, Mexico on May 22, 2015. 8. COMUNICATION AND INFORMATION 8.1 COMMUNICATION The activities carried out by ALIDE and its member institutions activities, as well as programs, actions and studies on development banking and financing are permanently spread and promoted through printed and electronic bulletins as well as the use of social networks and web sites. It is also anticipated 24

to invite financial journalists to participate in ALIDE courses, as another way of interaction and participation of the media on development financing issues. Additionally, in order to expand the circulation and to facilitate consultations and access to ALIDE electronic media, the possibility of publishing them in the format of several mobile devices has been considered, adapting therefore ALIDE media to the global trend ALIDE Magazine A quarterly publication provides articles analyzing current issues such as financial policies, trends and the situation of productive and social sectors financing, as well as the best practices in the region and world development financing institutions. ALIDENoticias Bulletin Bimonthly printed bulletin for promoting the forthcoming scheduled activities, circulating the information on the activities carried out, and communicating ALIDE members institutional notes. E-banking e bulletin Monthly e-bulletin offering outstanding news on the most relevant activities and aspects related to the activity of development banking in Latin America and the Caribbean. It is distributed electronically to a great deal of officers from development banks and other institutions related to development financing. ALIDE E News (in English) Three annual editions of this e-newsletter are prepared for English speaking people providing various information on ALIDE main activities, as well as analysis and technical issues on financing for the region development. ALIDE Web Site It was designed as a tool for specialized inquiries on the topics related to the function of development banking and on development financing in general; ALIDE (ALIDE.org.pe) website is aimed at spreading the archive and information, together with the knowledge generated by ALIDE and its member institutions. And at the same time complements ALIDE Virtual Library and E-learning site for at-distance training. Social Networks: Facebook and Twitter To strengthen ALIDE news circulation on social networks (Facebook and Twitter) since they are more interactive platforms and allow taking information to target audiences in a direct way (without waiting for them to look for the information). It also allows receiving as feedback, opinions or reactions of "followers" from these pages. The update of these networks is continuous and it not only broadcasts all ALIDE activities, but also all information that can be of interest to the public related to development banking. 8.2 INFORMATION The Latin American Documentation Center will continue strengthening the relations with the information units of the Association member entities, by organizing discussion groups or forums to allow their interactive participation; the exchange of information, through ALIDE depository libraries and other related institutions; and joint actions to strengthen ALIDE information network (RIALIDE) under the concept of knowledge management and information administration. In this sense, joint activities are being coordinated, as well as the exchange of information and publications, the organization of meetings on topics of interest in the area of information, the development and promotion of training activities, and the debate and exchange of best practices in information management, by means of the organization of discussion groups or forums with interactive 25

participation; the exchange of information, by means of the libraries holding ALIDE publications and others related; and joint activities aimed at strengthening the Network. Additionally, and following the standards for quality management in the information service, an improvement project will be developed this project would take into account the suggestions of our users, expressed in the customer satisfaction survey. Virtual Library In order to provide a better service, a service improvement project will be developed, based on the results of the satisfaction survey that will be applied to the Quality Management System customer. The new design includes the preparation of a more friendly and modern method of searching in the library catalog, some modifications to facilitate the access from several mobile devices; and, the incorporation of an automatic alert system to inform of the new contents of the library. In order to enrich and facilitate the access of ALIDE members to relevant information, the construction of the Latin American information repository on development banking and related topics will continue. To this end, strategic alliances and agreements with development financial institutions and other specialized institutions will be made, in order to exchange documents and publications in full text. ALIDE Database on Development Banking Development banks economic and financial information updating and systematization. Data bases contain information on balances, profit and loss accounts, kinds of services and operations offered by DFIs, sectorial distribution of their loan portfolio, overdue portfolio, and others. II Meeting of the RIALIDE-BR Network Within the framework of the Memorandum of Understanding with BNDES, through their Centro de Pesquisa de Informações e Dados (COPED), from the Área de Planejamento / Departamento de Informação e Conhecimento, the activities included in the Working Program agreed during the First meeting will be carried out in 2014. In this occasion, the scope of the work in topics related to cyber intelligence, dissemination of information, preparation of case studies and identification of the best practices in information administration, and management of knowledge n member organizations. Place and date: Rio de Janeiro, Brazil, August 2015. Organizer: ALIDE / Banco Nacional de Desenvolvimento Económico e Social, BNDES and other member institution in Brazil. Seminar on Information and Knowledge Management for Development The objective of this seminar is to examine the information and knowledge management, and to propose best practices of information and knowledge management among RIALIDE institutions. Place and date: Rio de Janeiro, Brazil, August 2015. Organizer: ALIDE / Banco Nacional de Desenvolvimento Económico e Social, BNDES and other member institutions member of RIALIDE-Brazil. Round Table on Knowledge Management in Development Banking and Finance To share experiences on knowledge and quality management, through the organization of events to present the various technological advances and information in services innovation in development banking. In this sense, this seminar will continue within the framework of the Information International Congress, Info, and the International Workshop on Business Intelligence and Knowledge Management in the Enterprise, IntEmpres, as well as in other national and international forums. Place and date: La Habana, Cuba, April 25-29, 2016. Organizer: ALIDE / Banco Central de Cuba. Seminar Workshop on Knowledge Management (Distance learning) Addressed at directors and officers from development banking and heads of information units from ALIDE Information Network (RIALIDE). The objective of the seminar is to provide the basic concepts, 26

processes and trends of knowledge management and innovation and their importance in current organizations and in the society. Additionally, it aims at identifying the key elements related to the strategic and developmental management of information, collaboration, digitalization and expansion of ICT in business intelligence. Date: Second semester of 2016. Organizer: ALIDE / Banco Nacional de Desenvolvimento Económico e Social, BNDES and other member institutions member of RIALIDE-Brazil will be invited to contribute. Preparation of Special Information Products to Support ALIDE Research Activities and Lines In its role as information facilitator, CEDOM will identify the information related to the strategic lines of research and studies, as well as technical meetings. For this purpose information will be placed in digital format on issues such as: risk, environment and infrastructure financing, environmental financing, financial and commercial integrating mechanisms, guarantees systems for small enterprises, corporate governance and banking best governance policies, rural guarantees, insurance and risk coverage, local governments, diversification and productive development, among others. 9. INTERNATIONAL COOPERATION ALIDE, as a mechanism for cooperation, coordination and consensus-building on actions in development banking and financing, promotes financial and technical cooperation with international cooperation bodies and agencies, in order to mobilize resource to finance Latin American development, technical cooperation, the incorporation of technology, training of human resources, the organization of joint studies, among other topics. The purpose is to integrate and strengthen such members, encourage their contribution to the integration process, to the social and economic development, and to improve their individual and collective action. With the Agence française de développement (AFD), during this year of 2015, on occasion of the Celac- UE Summit, it has been proposed to organize an «Encounter of Development Banks from Latin America and the Caribbean and the European Union». This is so, because development banks from the two regions, insofar as instruments of public policy for medium- and long-term financing, are able to play an important role to contribute with the objectives of financial cooperation between both blocks to finance trade, investments, business cooperation, and the mobilization of resources for development in the summit priority topics. Additionally, it has been anticipated to organize a Mission of Development Bankers to Paris, France, to learn about AFD systems and solutions to development financing in our region, the priority sectors and the way it operates together with the local banking, as well as to make overtures around projects and activities of common interest. With Instituto de Crédito Oficial (ICO), from Spain, it is also expected to continue carrying out joint activities. For this year, it is anticipated to involve Latin American development banks in the XIII International Programme for Directors of Development Banking, organized by Instituto de Crédito Oficial, ICO and the Foundation with the same name. This program intends to show the organization, the products, the risk management, the funding and the relationship of ICO with Governmental policies. The same thing will happen with the International Programme for Executives of Financial Institutions, organized by ICO and one of the main Spanish business schools in Madrid, aimed at the main executives in development banks, that addresses aspects such as the international economic and political context, leadership and managerial abilities, capital markets, investment banking, among other relevant topics for executives coming from development banks. Furthering the cooperation for the joint organization of meetings and/or seminars oriented at strengthening the capabilities of development banking in financing the mitigation and adaptation of climate change, and environmental sustainability and its access to international financing sources or green funds, and in particular in GCF - Green Climate Fund-, with the Inter-American Development 27

Bank (IADB),it has been agree to organize a seminar-workshop "National Development Banks and Green Finances": Opportunities and Modalities to Gain Access to the Green Fund for the Climate - Lessons Learnt from international Green Funds" in order to share experiences with green funds for National Development Banks; strengthen the capacity to access the international green fund GCF, and to review the situation of the existing green funds in national development banks. In this initiative, Nacional Financiera (NAFIN) from Mexico and ECLA are also involved. With the Food and Agriculture Organization of the United Nations (FAO), a Letter of Agreement has been signed in order to make studies to identify and propose agricultural insurance products that Latin American development financial institutions may use as risk management tools in their rural and agricultural credit portfolios, and as a way to contribute to explore their applications in these development financing institutions operations. The study comprises the global analysis of experiences in the use of agricultural insurance to manage risks in credit portfolios; the diagnosis of agricultural credit insurance products applicable to four countries in the region; and the presentation and discussion of the final results of the studies in a meeting with the participation of the different actors involved in the use of this kind of financial instruments. The studies are financed by FAO. ALIDE, as member of the World Federation of development financial institutions (WFDFI) keeps ties and cooperation relationships with their peers from other regions of the world. For this reason, on occasion of the World Bank Annual Meeting /IMG that will be held in October 2015 in the city of Lima, Peru, at ALIDE Headquarters, it has proposed the WFDFI the joint organization of the "International Conference on Development Banking in the 21st Century", to share experiences on the role and validity of development banking in the world, public policies, and the fields of banking activities, funding, loans, investments and technical assistance, financing of infrastructure projects; climate change; productive, social and services sectors; and international trade. Within the framework of the United Nations Organization and its specialized development agencies, a Memorandum of Understanding (MOU) has been signed with the UNEP FI Initiative Innovative Financing for Sustainability, in order to join effort to disseminate and incorporate methodologies for taking into account environmental and social risks in financial institutions in the context of the environmental sustainability of their operations, through the organization of joint specialized courses and seminars, in particular on the analysis of environmental and social risks (ARAS) adapted to development banks. Besides the activities and the institutions mentioned, with whom joint activities are organized, ALIDE also has cooperation relationships with the following international bodies and institutions: A. INTERNATIONAL BODIES - Inter-American Development Bank (IADB) - APEC Advisory Group in Financial Matters - The Economic Commission for Latin America and the Caribbean (ECLA) - United Nations Economic and Social Council (ECOSOC) - United Nations Environment Programme Finance Initiative (UNEP-FI) - ALIDE / Food and Agriculture Organization of the United Nations (FAO) - World Savings Bank Institute (WSBI) - Latin American Venture Capital Association (LAVCA) - Ibero-American General Secretariat (SEGIB) - Center for Latin American Monetary Studies (CEMLA). - Latin American Banking Federation (FELABAN) - World Federation of Development Financing Institutions (WFDFI) 28

B. NATIONAL INSTITUTIONS Member Financial Institutions - Banco do Nordeste do Brasil (BNB) - Corporación Financiera Nacional (CFN), Ecuador - Corporación Financiera de Desarrollo S.A. (COFIDE), Peru - Banco de la República Oriental del Uruguay (BROU) - Superintendencia de Banca and Seguros (SBS), Peru - KfW Bankengruppe; Germany - Agence française de développement (AFD) - Instituto de Crédito Oficial, Spain - Bank for Development and Foreign Economic Affairs (Vnesheconombank), Russia Non-member National Institutions - Brazilian Association of Development Financial Institutions (ABDE) - Financial Intelligence Council (FIC-LATAM) Consulting Companies - INDE Consulting, Chile. - Alfredo Paredes & Asociados Cía. Ltda., Ecuador - SCALAR CONSULTING Cía. Ltda., Ecuador and Colombia - Aplicaciones de Inteligencia Artificial S.A. (AIS), Spain - Global Risk Management S.A.C. (GRKM), Peru 29

ANNEX: ALIDE TIMELINE, 2015-2016 ACTIVITIES Place / Date Name of the activity Type Organizers 1. MEETINGS, SEMINARS AND FORUMS México D.F., México, April 20 and 21, 2015. National Development Banks and Green Finances: Opportunities and Modalities to Access the Green Climate Fund - Lessons Learnt of International Green Funds. Seminar BID/NAFIN/ALIDE/CEPAL. Cancun, Quintana Roo, Mexico, May 21 and 22, 2015. 45 ALIDE Regular Meeting of the General Assembly A Boost to Productivity and Entrepreneurial Development: Connectivity, Innovation and Entrepreneurship. Internationalization and Financing. Meeting ALIDE/NAFIN/BANCOMEXT. Cancun, Quintana Roo, Mexico, May 22, 2015. Meeting of ALIDE Business and Investment Technical Committee. Meeting ALIDE/NAFIN/BANCOMEXT. Cancun, Quintana Roo, Mexico, May 22, 2015. Meeting of ALIDE Infrastructure and Housing Financing Technical Committee. Meeting ALIDE/NAFIN/BANCOMEXT. Cancun, Quintana Roo, Mexico, May 22, 2015. Meeting of ALIDE Rural and Urban Small and Medium Enterprises Financing Technical Committee. Meeting ALIDE/NAFIN/BANCOMEXT. Cancun, Quintana Roo, Mexico, May 22, 2015. Meeting of ALIDE Environmental and Climate Financing Technical Committee. Meeting ALIDE/NAFIN/BANCOMEXT. Lima, Peru, September 24-25, 2015 XX Ibero American Forum on Guarantee and Financial Systems for the Micro and Small Enterprises. Meeting FOGAPI/REGAR sponsored by ALIDE/ IBERAVAL/SELA- IBERPYME/SPGM. Lima, Perú, September u October, 2015 (date to be defined). Meeting Insurance, Catastrophic Risks and Hedge Instruments: New Developments and Good Practices in the Region Meeting The joint organization will be proposed to a member bank ok ALIDE in Perú to be carried out at ALIDE headquarters and sponsored by FAO. October 8, 2015, in Lima, Peru (On occasion of the World Bank/IMF Annual Meeting) International Conference on Development Banking in the XXI Century. Meeting ALIDE/WFDFI. Santiago, Chile. Date to define. Seminar: Risk Capital and Startup Financing: Strengthening Credit to Boost the Entrepreneurial Ecosystem. Seminar The joint organization has been proposed to Corporación de Fomento de la Producción 1

Place / Date Name of the activity Type Organizers (CORFO), Chile. Buenos Aires, Argentina. Second semester of 2015 Latin American Meeting on Small and Medium Enterprise Financing (SMEs Financing and International Projection" Innovative Programs in Development Financial Institutions. Meeting ALIDE/ the joint organization has been proposed to Banco de la Provincia de Buenos Aires. Fortaleza, Ceará, Brazil. Date to be defined. Latin American Meeting on Financing Infrastructure and Public Works. Meeting The joint organization of the meeting will be proposed to Banco do Nordeste de Brasil. Santiago, Chile. Second semester of 2015 Meeting on Latin American Productive Integration and Value Chains: the Role of Development Banking in Financing for the Regional Productive Integration. Meeting The joint organization of the meeting has been proposed to the Economic Commission for Latin America and the Caribbean (ECLA). Rio de Janeiro, Brazil, August 2015. II Meeting of the RIALIDE-BR Network. Meeting ALIDE / BNDES and other member institutions in Brazil. Rio de Janeiro, Brazil, August 2015. II Seminar on Information and Knowledge Management for Development. Seminar ALIDE/BNDES and member institutions of RIALIDE-BRAZIL. La Habana, Cuba, April 25-29, 2016. Round Table on Knowledge Management in Development Banking and Finance. Round Table ALIDE / Banco Central de Cuba. 2. STUDIES AND INVESTIGATIONS Report: Situation, Performance and Internationalization of Latin American Development Banking, 2015. ALIDE 45 Basic Study "Development Banking Mechanisms to Support Productivity, Entrepreneurship and Innovation". Study Study To be presented at ALIDE 45ª. Identification of Agricultural Risks and Application of Agricultural Insurance in Development Banks Portfolios. Study ALIDE / Food and Agriculture Organization of the United Nations (FAO). Technical Report: Mobilization of Resources for Financing Infrastructure in Latin America and the Caribbean. 2 Study To be presented at the Latin American Meeting on Financing Infrastructure and Public Works.

Place / Date Name of the activity Type Organizers 3. COOPERATION AND BUSINESS MISSIONS Trust Funds as a Financing Mechanism in Development Banking. Investment, Trade and Cooperation, two-way road: Development Banking in Latin America and Europe. Study Study To be distributed at the Meeting of ALIDE Business and Investment Technical Committee, at ALIDE 45. Paris, France, September 19-24, 2015. (Dates to be confirmed). Development Bankers Mission to the Agence Française de Développement - AFD. Cooperation and Business Mission AFD/ALIDE. 4. TRAINING COURSES AND SEMINARS November 26 to March 08, 2015. Sales Direction and Management for Microfinance Institutions. Distance learning course March 2 to Sunday, April 12, 2015. Strategic Treasury Direction and Management in Financial Institutions. Distance learning course Lima, Peru, March 4-6, 2015 International Seminar - Workshop on Strategic Planning and Balanced In-person Course Scorecard in Microfinance Institutions. March 23 to April 26, 2015. Risk Analysis and Rating in Financial and Non-Financial Institutions. Distance learning course Lima, Peru, March 25-27, 2015 International Seminar - Workshop on Credit Risk Advance Models: In-person Course Concentration Analysis and Notions about Scoring. ALIDE. ALIDE. ALIDE / INDE Consulting Chile. ALIDE. ALIDE. April 13 to May 17, 2015. Unexpected Default Risk Prevention: Auditing, Supervision and Guarantee Appraisal Distance learning course ALIDE. May 11 to June 21, 2015. Asset - Liability Management (ALM), Duration Approach in Market Risk Control in Financial Institutions. Distance learning course ALIDE. Buenos Aires, Argentina, May 11-14, 2015. International Seminar - Workshop on Operational Risk Management: Strategy and Practices for the Management of Banks and Financial Institutions Business. In-person Course ALIDE / Banco Ciudad de Buenos Aires (BCBA). Asunción, Paraguay, June 8-11, 2015 International Seminar - Workshop on Corporate Governance, Risk and Compliance (GRC) in Banks and Financial Institutions. In-person Course ALIDE / Banco Central del Paraguay (BCP) (To be confirmed). 3

Place / Date Name of the activity Type Organizers June 15 to July 26, 2015. Distance Program for the Management of Credit Risk For Microfinance Institutions. Distance learning course ALIDE. Quito, Ecuador, June 23-26, 2015 International Certification Program in Human Resources Strategic Direction. In-person Course ALIDE / Alfredo Paredes & Asociados Cía. Ltda. of Ecuador. Lima, Peru, July 8-10, 2015 International Seminar - Workshop on Operational Risk Management: Towards an Evolution of the Human Capital Performance Assessment. In-person Course ALIDE. July 13 to August 23, 2015. Direction and Management of the Second Floor Banking. Distance learning course Asunción, Paraguay, July 22-24, International Seminar - Workshop on Administration and Management of In-person Course 2015 (to be confirmed). Trust Operations. Buenos Aires, Argentina, July 2015 (To be confirmed). International Seminar Workshop on Guarantees and Risks in Financing Micro, Small and Medium Enterprises. In-person Course ALIDE. ALIDE / Agencia Financiera de Desarrollo (AFD) del Paraguay. (To be confirmed). ALIDE / Fondo de Garantías de Buenos Aires (FOGABA) (To be confirmed). Miami, Florida, Second semester 2015 (To be confirmed) International Seminar - Workshop on Financial Risks Management with Monte Carlo @ Risk Simulation. In-person Course ALIDE. August10 to September 20, 2015. Strategic Management of Human Resources by Competencies. Distance learning course Tegucigalpa, Honduras, August 12- International Seminar - Workshop on Liquidity and Market Risk as a In-person Course 14, 2015 (To be confirmed). Managerial Tool in Banking. ALIDE. ALIDE / Banco Centroamericano de Integración Económica (BCIE) (To be confirmed). San Salvador, El Salvador, August 25-28, 2015 (To be confirmed). Seminar - International Workshop on Corporate Governance, Risk and Compliance (GRC) in Banks and Financial Institutions. In-person Course ALIDE / Banco de Desarrollo de El Salvador (BANDESAL) (To be confirmed). Lima, Peru, September 7-11, 2015 Specialization Course in Development Banking and Finance. In-person Course ALIDE. September 7 to Sunday, October 18, 2015. Credit Portfolio Recovery in Banks and Financial Institutions. Distance learning course ALIDE. Santo Domingo, Dominican Republic, September 22-25 (To be International Seminar - Workshop on Operation and Risks Direction and Management in Import and Export Banks. In-person Course ALIDE / Banco Nacional de Fomento de la Vivienda y la 4

Place / Date Name of the activity Type Organizers confirmed). September 28 to November 08, 2015. Management of Operative Risk: Strategy and Practices for the Management of Banks and Financial Institutions Business. Distance learning course Producción (BNV) (To be confirmed). ALIDE. Colombia, October 6-9, 2015 (to be confirmed). International Certification Program for Specialists in Process Management for Financial Institutions. In-person Course ALIDE. October 19 to November 29, 2015. Montevideo, Uruguay, October 27-30, 2015 (to be confirmed). Advanced Program for the Management of Credit Risk For Microfinance Institutions. International Seminar - Workshop on Corporate Governance, Risk and Compliance in Banks and Financial Institutions. Distance learning course In-person Course ALIDE. ALIDE / Banco de la República Oriental del Uruguay (BROU). November 9 to December 20, 2015. Human Capital Measuring Tools. Distance learning course ALIDE. Lima, Peru, November 11-13, 2015 International Seminar - Workshop on High Performance Management for Heads of Agencies or Branches of Micro Financing Entities. In-person Course ALIDE / INDE Consulting Chile. November 23, 2015 to January 17, 2016 Business and Credit Strategies for Latin American Banks and Financial Institutions. Distance learning course ALIDE. Quito, Ecuador, November 24-27, 2015 (to be confirmed). International Seminar - Workshop on Structured Products and Securitization of Development Projects. In-person Course ALIDE / Corporación Financiera Nacional (CFN) (To be confirmed). Fourth quarter of 2015 (Dates to be confirmed) Administration and Management of Development Projects. Distance learning course ALIDE. Second semester of 2016 Seminar Workshop on Knowledge Management. Distance learning course ALIDE / Banco Nacional de Desenvolvimento Económico e Social, BNDES and other member institutions member of RIALIDE-Brazil will be invited to contribute. 5. INTERNSHIPS AND WORKSHOPS - ADVISORY Caracas, Venezuela, April 23-24, 2015. Development Banking in Latin America and the Caribbean: Basics, Models and Good Practices. 5 Workshop-Advisory Lima, Peru, May 27-29, 2015 Microfinances in Latin America. How to achieve more productivity and Workshop-Advisory ALIDE. ALIDE / Banco Nacional de Comercio Exterior S.N.C.

Place / Date Name of the activity Type Organizers efficiency? Lima, Peru, June 2015. Structured Operations and Project Finance in Banking. Workshop-Advisory ALIDE. Barcelona, Spain. Third quarter 2015 (July - to be confirmed) Banking Regulation, Risk Models and Measure of the Impact of Financing. Workshop-Advisory Aplicaciones de Inteligencia Artificial S.A. (AIS), Spain. Mexico D.F., Mexico. Third quarter 2015 Financing of Productive Chains and Support for Increasing Productivity of Foreign Trade in Mexico. Internship ALIDE / Banco Nacional de Comercio Exterior S.N.C. (BANCOMEXT). Fortaleza, Brazil. Third quarter 2015 Operational Risk: Banco do Nordeste do Brasil Management and Practices. Internship ALIDE / Banco do Nordeste do Brasil. Quito, Ecuador. Third quarter 2015 Lima, Peru. Fourth quarter 2015 Trusts: Structure, Administration and Operative Aspects. Internship ALIDE / Corporación Financiera Nacional (CFN). How to Implement Operational Risk Management Systems in Banking? Workshop-Advisory ALIDE. Buenos Aires, Argentina. Fourth quarter 2015 SME Banking: Banco Provincia de Buenos Aires Experience and Good Practices. Internship ALIDE / Banco de la Provincia de Buenos Aires. Santiago, Chile. Fourth quarter 2015 Quality Assurance in the function of Internal Auditing. Internship ALIDE / BancoEstado. 6. CONSULTING PRODUCTS PROVIDED BY ALIDE AND ITS STRATEGIC PARTNERS Good Corporate Governance Index (GCGI). Sistema de Gestión Integral del Riesgo - SENSOR GIR. Support to Strengthen the Implementation of Basil Agreements. Agricultural Credits Assessment and Classification According to the Productive Cycle. Mercados de Capitales, Inversiones y Finanzas (MCIF) and Global Risk Management (GRISKM), from Peru. Pérez-Vargas y Chávez, Asociados. Pérez-Vargas y Chávez, Asociados. Pérez-Vargas y Chávez, Asociados. 6

Place / Date Name of the activity Type Organizers PSICONET On-Line Psychometric Evaluation Tool. Automated System for the Administration of Human Resources by Competencies - COMPERS. Assessment of Development Banks Performance _ INDICE ALIDE PLUS Alfredo Paredes & Asociados Cía. Ltda., Ecuador and Colombia. Alfredo Paredes & Asociados Cía. Ltda., Ecuador and Colombia. Aplicaciones de Inteligencia Artificial S.A. (AIS), Spain. 7

2015 GENERAL BUDGET (in US dollars) BUDGET BUDGET ITEMS 2015 INCOME ORDINARY 681,867 SPECIFIC SERVICES 350,705 TOTAL INCOME 1,032,572 EXPENSES ORDINARY 1,030,139 Travelling Expenses 40,000 Personnel Expenses 658,018 Hired Personnel Expenses 21,700 Communication and Mail 22,052 Printing, Copies and Photocopies 41,500 Several Management Charges 97,411 Office Maintenance 44,016 Financial Expenses 3,500 Provision for the Period 101,942 TOTAL EXPENSES 1,030,139 RESULT (Surplus) 2,433 1