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Germany, IDB sign agreement to provide opportunities to young German associate professionals

Inter-American Development Bank (IDB) President Luis Alberto Moreno and the Deputy Chief of Mission at the German Embassy in Washington, D.C., Jens Hanefeld, today signed an agreement for the Government of the Federal Republic of Germany to provide qualified young German associate professional officers to participate in IDB’s Fellowship and Associate Program. The framework agreement also assures funding for these young professionals by the German government for a maximum duration of two years.

The program is intended to prepare German nationals for development cooperation activities. Germany currently has similar programs worldwide with a number of international institutions, such as the United Nations, the World Bank and the International Monetary Fund.

Moreno welcomed the initiative and hailed the opportunity to work more closely with Germany, a non-borrowing member country of the IDB.

“We are delighted”, said Jens Hanefeld at the signing ceremony at the IDB headquarters in Washington, DC. “This is a great opportunity for talented young Germans. We hope to have created an easier access of young German professionals to the workforce of the Inter-American Development Bank.”

The IDB, the main source of multilateral financial assistance to Latin America and the Caribbean, has 48 member countries, including 26 borrowing members in the region, who have a majority ownership of the Bank.