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IDB and INTEL formalize agreement to foster information and communication technology in Latin America and the Caribbean

Washington, D.C. – The Inter-American Development Bank (IDB) and Intel Corporation (Intel) formalized an agreement that will facilitate access to the benefits of information and communication technology (ICT) in Latin America and the Caribbean.

Luis Alberto Moreno, IDB President and L. Wilton Agatstein, Intel Vice President, Channel Platforms Group, signed the agreement. The event took place at the United Nations Headquarters in New York City following the Steering Committee Meeting of the Global Alliance for ICT and Development (GAID). Attending the ceremony was Craig Barrett, Intel Chairman of the Board and GAID Chairman. 

With the agreement, the parties seek to contribute to the development of the countries of Latin America and the Caribbean through the deployment of effective ICT and connectivity solutions aimed at enhancing the region’s social and economic growth. The agreement outlines the following strategic areas of common interest for the IDB and Intel, and which constitute the framework for specific projects to be jointly developed:  (a) small and medium-sized enterprises development; (b) education; and (c) digital communities and connecting the majority.

The IDB is the oldest and largest regional development bank in the world and the primary source of multilateral financing for Latin America and the Caribbean.  Its mission is to promote social and economic development, reduce poverty and strengthen democratic institutions in the countries of the region.  www.iadb.org.

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.

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