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Denmark became the thirty-fifth member of the Inter-American Investment Corporation (IIC) at a signing ceremony held July 16 at IDB headquarters in Washington, D.C. Sven Boje Madsen, Denmark's Chargé d'affaires in the U.S., signed the official record of membership and added Denmark's name to the Agreement Establishing the Inter-American Investment Corporation. The official record of membership was also signed by Enrique V. Iglesias, IDB president and chairman of the IIC board. Denmark, a leading donor country in terms of percentage of gross domestic product earmarked for development assistance, is the IIC's first new member country since its founding in 1986. The IIC was founded to promote economic development of Latin America and the Caribbean by providing project financing for small and medium-sized private enterprises in its developing member countries.
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