Guests include former U.S. President Bill Clinton, U.S. Secretary of the Treasury Timothy Geithner, Nobel Prize winner Robert Merton, authorities, bankers, businessmen and civil society leaders
The Boards of Governors of the Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) will hold their 50th and 24th Annual Meetings, respectively, in Medellin, Colombia, March 29-30, 2009, to examine their policies and new initiatives.
The Boards of Governors are the highest policymaking bodies of the IDB and the IIC. Their members are finance ministers, presidents of central banks or other high-ranking officials from the organization’s 48 member countries.
The IDB is the leading source of long-term lending for Latin America and the Caribbean and its Annual Meeting is the premier forum for discussion of political, economic and social development in the region.
Personalities that will attend events at this year’s meetings include former U.S. President Bill Clinton; U.S. Secretary of the Treasury Timothy Geithner; Nobel Prize winner Robert Merton; Governor of the People’s Bank of China, Zhou Xiaochuan; former Jamaican Prime Minister Percival J. Patterson; Ibero-American Secretary General, Enrique V. Iglesias; economists, businessmen and experts such as Juan Enríquez Cabot, one of the world's leading authorities on the economic and political impacts of life sciences; Harvard Business School lecturer Michael Chu; former Argentine Finance Minister Roberto Lavagna; the research director of the École des Hautes Études en Sciences Sociales, Alain Tourain; and Paul Collier, Oxford University.
During 2008 the IDB approved loans and credit guarantees totaling a record of $11.2 billion, including $7.2 billion to improve competitiveness and quality of life; $3.3 billion for projects aimed at reducing poverty and enhancing social equity; and $707 million for projects to modernize governments in Latin America and the Caribbean. Disbursements totaled $7.6 billion.
The IIC approved 64 operations for a total of $300 million in 2008. Disbursements totaled $256 million.
The IDB-administered Multilateral Investment Fund (MIF) approved 145 operations totaling $165 million and disbursed $112 million in 2008.
The plenary sessions of the Boards of Governors, which will take place March 29-30, will be preceded by a series of seminars and events on the global crisis and development in Latin America and the Caribbean.
Expodesarrollo 2009 is an exhibit to be held at the Yellow Pavillion of the Plaza Mayor Convention Center in Medellín to highlight public/private sector cooperation for development and competitiveness.
The exhibition will showcase development initiatives from Colombia, Antioquia and Medellín, including public and private sector projects and strategic alliances, many of them in partnership with the IDB and other international organizations. (View Expodesarrollo 2009 at http://www.expodesarrollo.com/)
Official seminars and other activities to be held in conjunction with the Annual Meetings:
March 25 IDB President Luis Alberto Moreno participates in events focused on youth programs: 8:30–10:00 a.m Colombia's National Federation of Coffee Growers – Event with Young Coffee Growers in the Municipality of Salgar 2:15–3:45 p.m. MIF/Corona Foundation - Event with Young Entrepreneurs – Claustro San Ignacio 4:30–5:45 p.m. MIF/Medellín/International Youth Foundation – Event on job training for disadvantaged youth with Medellín Mayor – San Javier Library 6:30–8:00 p.m. IDB-MTV Youth as Agents of Change Campaign sponsors an event with writers Edmundo Paz-Soldán of Bolivia, Jorge Franco of Colombia, Wendy Guerra of Cuba, Alberto Fuguet of Chile and Claudia Amengual of Uruguay – Moravia Cultural Center March 26 8:30 a.m.–6:00 p.m. Inter-American Forum on Small and Medium-Sized Enterprises – Plaza Mayor – Speakers include life sciences expert Juan Enríquez Cabot, Harvard Business School lecturer Michael Chu, IDB Vice President for Private Sector and Non- Sovereign Guaranteed Operations, Steven J. Puig. Panelists will present relevant case studies, discuss lessons learned and share ideas with distinguished small and medium-sized enterprise experts. 6:00 p.m. IIC General Manager Jacques Rogozinski and President Moreno launch FINPYME program in Colombia – Plaza Mayor. March 27 9:00 a.m.–12:30 p.m. Boosting Prosperity through Information and Technology – Plaza Mayor – Panelists include Craig Barrett, Chairman of the Board of Intel Corporation; internationally renowned experts Jun Hyong Rho from Korea and Jorma Routti from Finland; and Cornell University Professor Carlos Bustamante. Jane Bussey, editorial director of Latin Trade, will be the moderator. 3:00–6:00 p.m. Quality of Life Beyond the Facts: How Perceptions Shape Politics – Plaza Mayor – Panelists Roberto Lavagna, former Finance Minister of Argentina; Alain Touraine, research director at the École des Hautes Études en Sciences Sociales; and Moisés Naím, editor in chief of Foreign Policy magazine, will discuss the political implications of perceptions during periods of financial crises. The debate will be moderated by journalist Michael Reid from The Economist. 6:00–6:30 p.m. Opening of exhibit on Civil Coexistence and Public Safety – Plaza Mayor March 28 9:00 a.m.–12:30 p.m. Facing the Crisis: Economic and Social Policies for Turbulent Times – Plaza Mayor – Panelists include Nobel Prize winner Robert Merton and Paul Collier, Director for the Center for the Study of African Economies at the University of Oxford, who will discuss economic and social policies to weather turbulent times for Latin America and the Caribbean in the context of the global crisis. The panel will be moderated by Foreign Policy magazine editor, Moisés Naím. 4:00–6:00 p.m. The Great Challenges of our Time Facing Latin America and the Caribbean – Plaza Mayor – Panelists include Secretary General of the Ibero-American General Secretariat, Enrique V. Iglesias, and former Jamaican Prime Minister Percival J. Patterson, who will discuss the economic and social challenges of our times. The IDB will present findings of a survey of leaders in the region that will show how they perceive the effects of the crisis over countries and the role of international organizations. 6:00 p.m. Public Dialogue with former U.S. president Bill Clinton and IDB President Luis Alberto Moreno on the Global Economic Crisis and Development – Plaza Mayor March 29 5:30–8:00 p.m. Annual Meeting’s Inaugural Session – Metropolitan Theater March 30 5:30–7:30 p.m. Annual Meeting's Clossing Session – Plaza Mayor 7:30–8:30 p.m. Sociocultural Event with Brazilian Artist Carlinhos Brown and members of the Children’s Music Bands. Program of Medellín with the IDB – Metropolitan Theater March 31 10:00 a.m.–1:00 p.m. Dialogue on Foreign Investment in Latin America and the Caribbean
Events Venue in Medellín
All events will take place at Medellín’s Plaza Mayor Convention Center unless indicated otherwise.
In conjunction with the annual meeting, the IDB Cultural Center is holding the art exhibit Medellin: Art and Development at its Washington D.C. headquarters from February 19 through May 24, 2009.
Another exhibit, Medellín: Fifty Years, Fifty Works, featuring art from Latin America and the Caribbean, will be held March 16–May 24 at the Museum of Antioquia in Medellín. The exhibit will include 50 outstanding 20th century works of art from the collections of the IDB and the Art Museum of the Americas of the Organization of American States, including artists such as Joaquín Torres García, Emilio Pettoruti, Pedro Figari, Roberto Matta and Wilfredo Lam.
The 2009 Annual Meeting will be a carbon neutral event. Starting in 2006, the IDB decided to offset greenhouse gas emissions from participants’ flights, local travel and accommodations, as well as from the venues where conferences are held, through the purchase of carbon credits from projects that bring renewable energy solutions to communities in Latin America and the Caribbean.