Santiago Peña Palacios, Minister of Finance, and Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), signed a memorandum of understanding on the Annual Meeting of the Boards of Governors of the IDB and the Inter-American Investment Corporation (IIC). This event will be held in Paraguay from 30 March to 2 April 2017, and was declared to be of national interest under Decree 4240 of 22 October 2015.
The memorandum of understanding—which was signed in Washington, D.C., United States—is a document that lays out the responsibilities of the IDB and the Host Country regarding the organization of the event and describes all the activities to be carried out in the context of the meeting.
The national government considers this official event a priority, because of its significance to the country, taking into account that the IDB’s Annual Meeting is the most important gathering focusing on economic and social development in Latin America and the Caribbean, with nearly 3,000 participants from abroad, including Ministers of Economy or Finance from the 48 member countries, public- and private-sector leaders, and representatives of civil society, academia, and the world’s major banks and investment funds.
Hosting this event calls for the support, commitment, and contribution of various government agencies and the private sector.