Launched 58 th Annual Board of Governors will be done in Paraguay in 2017.

Today was the launch of the Fifty-eighth Annual Meeting of the Board of Governors of the Inter-American Development Bank (IDB) and Thirty-second Annual Meeting of the Inter-American Investment Corporation (IIC), to be held from 30 March to 2 April 2017 in Asunción. The presentation was given by Santiago Peña Palacios, Minister of Finance, and Luis Alberto Moreno, President of the IDB.

Paraguay will be hosting the Annual Meeting of the IDB for the first time in 52 years. In his introductory remarks, Carlos Fernández Valdovinos, President of the Central Bank of Paraguay, mentioned the importance of hosting this meeting that will showcase the country internationally.

Hugo Cáceres, Paraguay’s representative at the IDB, described the event and mentioned that visitors from 48 countries in Latin America, Europe, and Asia, for a total of about 2,000 foreign participants, would be arriving.

There was also a panel discussion with Minister Peña, President Moreno, Senavitat Minister Soledad Núñez, former Central Bank President and former Minister of Industry Raúl Vera Bogado, and civil society representatives. Everyone agreed that these events represent a significant opportunity to showcase Paraguay’s potential.

The IDB President mentioned that Paraguay is an impressive country because of its advances on innovation, as well as its comparative advantages. He also highlighted the relevance of showing that Latin America is very open to implementing innovation in all areas, particularly on social issues. Moreno mentioned that competitiveness includes making improvements in education and innovation.

The Minister of Finance said that the fact that Paraguay is the site of this meeting reflects the country’s potential. He also mentioned that the majority of the population is made up of young, talented people, which is one of Paraguay’s intangible values.

The IDB’s Annual Meeting is the most important gathering focusing on economic and social development in Latin America and the Caribbean.

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