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Juscelino Kubitschek Award receives nominations from 144 institutions

The first Juscelino Kubitschek Award, created by the Inter-American Development Bank (IDB) to recognize institutions that have made a significant contribution to social and economic development in Latin America and the Caribbean, has drawn nominations from 144 organizations in the Americas and Europe.

A committee of 12 distinguished experts in economics, social development and public policy will select two winners for the award: one organization will be recognized for its contributions to economics and finance; the other for its achievements in promoting social, cultural or scientific development. Each winner will receive a prize of $100,000, the biggest award offered by a multilateral institution in Latin America and the Caribbean.

"The Juscelino Kubitschek Award will allow development organizations to continue their important work in the region while showcasing their best efforts," said IDB President Luis Alberto Moreno. "We want to inspire people to think and work on development."

Development organizations from 22 countries—including Brazil, Argentina, Colombia, Mexico, Bolivia, United States, Canada, Costa Rica, Haiti, Venezuela, Trinidad and Tobago and Spain—are among the institutions competing for the award. To participate, organizations had to be nominated by individuals or by academic institutions and cultural and research centers.

The prize, which will be awarded every two years, was established to mark the 50th anniversary of the IDB’s founding and to honor the late Brazilian president Juscelino Kubitschek, whose vision to forge closer economic ties in the Americas resulted in the creation of the IDB in 1959.

Winners will be announced on April 26, after the selection committee holds a two-day meeting in the city of Belo Horizonte, capital of Minas Gerais, Kubitschek’s home state and where he began his political career.

President Moreno will chair the committee and Ibero-American Secretary General Enrique V. Iglesias will act as the group’s secretary. The awards will be granted to candidates that receive a majority of votes from committee members.

The IDB is the leading source of long-term lending for economic and social development in Latin America and the Caribbean.