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Alfonso Blanco Bonilla EXECUTIVE SECRETARY
Ministerial Mandate XLVI / D / 514Meeting No. 1FOLADE's Working Group
Virtual mode May 2017
Financial management body for the implementation of OLADE's projects
Agenda
No. Meeting No. 1FOLADE's Working Group
1 Opening Remarks
Executive Secretary of OLADE
2 Purpose of the meeting:
3 Presentation on reformulation of FOLADE's proposal
4 Presentation and brief explanation of perspectives on the initiative to create a financial organization for OLADE
FOLADE's WorkingGroup
5 Presentation, analysis and approval of activities' plan
OLADE- FOLADE's Working Group
6 Conclusions and commitments OLADE- FOLADE's Working Group
CHAPTER III: OBJECTIVES AND FUNCTIONS
Article 3.-
i) The Organization will have the following objectives and
functions: To promote the creation of a financial body to carry out energy and energy-
related projects in the Region.
CHAPTER VIII GENERAL PROVISIONS
Article 33.- OLADE will use the cooperation of agencies
whether existing or to be created, specialized in any
energy field within the Latin American area."
Mandate of the Lima Agreement
1973-77
Latin American Energy Bank
- Additionals remarks to the quotas.
2009 ( Havana)
- Financial Mechanis of OLADE
-Account member of OLADE's budget.
2015 (Tarija)
- MM Commitment in support of the management of
the SP before Cooperation
Agenciesns and International
Banking.
2016 (Quito)
- Latin American Energy Fund
-Conforming Working Group.
- Analyze feasibility.
Background and progress to 2017
Mandate of Meeting of Ministers
Ministerial Decision XLVI/D/514
Quito, 11/25/2016
REITERATES
• Its need to comply with the provisions of the Lima Agreement with regard to the creation of an intergovernmental financial body for the realization of energy projects in the region.
APPROVES
• The Formation of a working group to promote a legal, technical and financial feasibility study in relation to the creation of this body.
• Presentation to the next Counci of Experts of the report of the study by the Working Group.
• Delivery to the XLVII Meeting of Ministers of diagnosis and proposal of roadmap.
INSTRUCTS
• Implementation of efforts by the Permanent Secretariat to assist in the activities and efforts that lead the members of the Working Group.
Reformulation of proposal presented
at XLVI Meeting of Ministers
Project implementation agency attached to OLADE
- It raises funds
- It manages resources
-It maintains budgetary autonomy.
- It assures independent heritage.
Take advantage of OLADE's organizational structure and human
resources
- It does not imply establishment of parallel governance to that existing in OLADE.
- It does not duplicate efforts of the Member Countries.
Simplification of entity creation process
- It Analyzes feasibility and national procedures for the creation of the entity.
- It provides approval by the most expeditious routes possible.
- It values the realization of a lobby that expedites the creation process.
Conformation FOLADE's Working Group
Argentina
Chile
Mexico
Panama
Dominican Republic
Uruguay
Venezuela
Feasibility diagnosis
Roadmap
Report Meeting of Ministers
Legal, technical and financial feasibility
analysis
Legal
Identification of type of intergovernmental legal
personality with membership to OLADE.
Feasibility analysis and legal bases for the
creation of a fundraising and fund management
agency for project implementation.
Technical
Type of projects subject to financing.
Administrative support procedures.
Parameters for allocating resources by projects.
Modalities of analysis of needs and priorities by
project.
Budgetary
Capitalization options.
Mechanisms for attracting and managing
financial resources.
Exclusive funds for implementation of
energy projects.
Budget autonomy.
Sequence of roadmap actions
Analysis of real possibilities of creation of an entity with its own legal status, attached to OLADE and its action under the current conditions of international financial cooperation.
Research of ways and procedures required under the national legislation of OLADE's MC for the materialization of the proposal
Preparation of a Report and draft Ministerial Decision with concrete actions to create the ideal entity for the purposes envisaged.
Feasibility diagnosis
Management and
validation
Presentatio of the
diagnostic and
roadmap to the MC
WORK GROUP FOLADE Permanent
Secretariat of OLADE
Results and commitments Meeting No.
1 FOLADE's Working Group
Research of ways and procedures required under the national legislation of OLADE's MC for the materialization of the proposal
1• Distribution of topics by country.
2• Definition of activities and deadlines until
the Meeting of Ministers (December 2017).
3• Guidelines for presentation by the Working
Group on the of Experts (June 2017).
www.olade.org
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