Cover page    Contents       

March - April 2000
GAZETTE



Italy joins IDB fund
Italy has become the 26 th member of the Multilateral Investment Fund, an autonomous fund administered by the IDB that promotes private sector growth in Latin America and the Caribbean. Italy’s representative on the IDB’s Board of Executive Directors, Bruno Mangiatordi, said Italy’s decision confirms the traditional support of his country to the IDB Group and its commitment to support small and medium-size enterprises in Latin America and the Caribbean.

Italy’s participation in the fund became official with the ratification by its Parliament on Feb. 3 of a $30 million contribution to the mif, to be allotted over a period of five years.

Workshop on IDB procurement
The IDB’s public information Section will host a workshop on IDB procurement and consulting business opportunities at the IDB on May 18-19 at the Bank’s Washington, D.C. headquarters. It will include guidelines on how to bid on IDB-financed contracts for goods, equipment, works and consulting services; the roles of the IDB country office and executing agencies in the procurement process; tips from firms that have participated in IDB procurement; and opportunities to network with project team leaders. A registration fee of $465 includes the workshop and a one-year subscription to IDB Projects, which lists Bank-related business opportunities. Call (202) 623-1397 for details.

Risk management in the Caribbean
The IDB and the Caribbean Development Bank (CDB) held a Regional Risk Management Symposium for financial institutions in Trinidad and Tobago from February 21–22, 2000. Risk management is the process by which financial institutions manage their exposure to the risks they face and the strategies they use to mitigate those risks. Trinidad and Tobago Finance Minister Brian Kuei Tung, the IDB Executive Vice President K. Burke Dillon, and the president of the CDB, Sir Neville Nicholls, inaugurated the Symposium, which was part of a wider program of the IDB and CDB on risk management for the Caribbean.

IDB appoints new directors
The following have recently been elected or named to serve on the IDB’s Board of Executive Directors: Fernando Tenjo-Galarza, alternate executive director for Colombia and Peru; Eduardo Linares, alternate executive director for Panama and Venezuela; José Carlos Quirce, alternate executive director for Belize, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua; Michael Power, alternate executive director for Croatia, Japan, Portugal, Slovenia and the United Kingdom; Marcel Masse, executive director for Canada; Federico Alvarez, alternate executive director for Brazil and Suriname; and Mirja K. Peterson, alternate executive director for Austria, Denmark, Finland, France, Norway, Spain and Sweden.



HOME       ABOUT THE IDB        BUSINESS OPPORTUNITIES      DEPARTMENTS      POLICIES 

PRESS & PUBLICATIONS       PRIVATE SECTOR      PROJECTS      RESEARCH & STATISTICS