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IDB starts second phase of its public consultation on the Private Sector Development Strategy

The Inter-American Development Bank (IDB) is starting today the second phase of the public consultation on its Private Sector Development Strategy.

This second phase of the consultation will be carried out between March 18 and April 16, through the web and through face-to-face meetings as well as video-conferences. During this stage, the IDB is seeking to get feedback from key stakeholders such as companies, civil society, policy makers, and experts, on the draft of the Private Sector Development Strategy. The first face-to-face meeting will take place on March 26 in Calgary, Canada, during the Annual Meeting of the Board of Governors of the IDB.

“This public consultation is part of the IDB’s ongoing emphasis on transparency and inclusion of our stakeholders in the development of our strategies,” said Steven Puig, Vice president of Private Sector and Non-Sovereign Guaranteed Operations.

Under the new institutional strategy that resulted from the agreement of the Ninth General Capital Increase in the Resources of the IDB, fostering development through the private sector has become one of the strategic goals necessary to accomplish the Bank’s mission of reducing poverty and inequality and achieving sustainable growth in Latin America and the Caribbean.

The draft strategy, which takes into account inputs obtained during the first phase of the consultation, outlines a plan to maximize the development impact of the IDB’s private sector activities by capitalizing on its comparative advantages in a manner consistent with its institutional goals. The plan integrates the goals and activities linked to direct financing to companies carried out under the Bank’s Vice Presidency for Private Sector (VPP) with activities designed to improve the business climate and foster productivity carried out under the Vice Presidency for Sectors (VPS).

The first phase of public consultation on the Strategy began on January 21. During the first phase of the consultation, which remained opened until February 19, stakeholders have sent through the web a wide array of comments and inputs to the profile of the strategy.

In order to participate in the second phase of the consultation of the draft of the strategy, please visit the public consultations website and send your comments by filling out the form available on the web or by email before April 16, 2011, before 8:00 p.m. (North American Eastern Standard Time).

A series of face-to-face meetings with key stakeholders from the private sector and the civil society will complement the inputs received electronically.

The first face-to-face meeting in Calgary on Saturday, March 26, will be from 4:30 p.m. to 6:30 p.m. The event will be hosted by Steven Puig, Vice President for the Private Sector and Non-Sovereign Guaranteed Operations, and Santiago Levy, Vice President for Sectors and Knowledge of the Bank. In order to participate in this face-to-face meeting, participants need to register here.

For further information on the process of the public consultation on the draft strategy, please send queries to consulta_ps@iadb.org.

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