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Today's NewsApril 7, 2008
The Board of Governors is the top decision-making authority of the IDB, the leading source of multilateral financing for Latin America and the Caribbean. Its members, who represent the IDB’s 47 member countries, are finance ministers, central bank presidents and other high-ranking officials. The governors will be joined in the opening ceremony by some of the 6,000 participants who registered to attend the meeting’s many events, which started April 4 and end April 8. Among the morning’s speakers will be IDB President Luis Alberto Moreno and the Board of Governor’s outgoing chairman, Guatemala Finance Minister Juan A. Fuentes. U.S. Treasury Secretary Henry M. Paulson, who is due to accept the nomination to become the new chairman, will also deliver remarks. Moreno will discuss the economic outlook for the region as well as report to the Board of Governors on the achievements of the past year. In 2007 the IDB Group reached a record $9.6 billion in new operations for social and economic development in Latin America and the Caribbean. The event also marks the opening of the 23rd Annual Meeting of the Board of Governors of the Inter-American Investment Corporation, the IDB Group institution that supports small and medium-size enterprises. Following the ceremony the governors will begin a series of sessions in which they will make presentations on their countries’ views of development in Latin America and the Caribbean and the policies and programs of the IDB. | |||||||||||||||||||||||||||||
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