Finance Ministry and IDB launch Fifty-eighth Annual Meeting of the Board of Governors in Paraguay

Today, Monday, 1 August, at 9 a.m., Santiago Peña Palacios, Minister of Finance, and Luis Alberto Moreno, President of the Inter-American Development Bank (IDB), are launching the Fifty-eighth Annual Meeting of the Board of Governors of the IDB and Thirty-second Annual Meeting of the Inter-American Investment Corporation (IIC), to be held in Asunción in 2017. The event’s kickoff will be at the headquarters of the Central Bank of Paraguay.

The IDB’s Annual Meeting is the most important gathering focusing on economic and social development in Latin America and the Caribbean. There will be approximately 1,500 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.

Paraguay will host this important gathering from 30 March to 2 April 2017 at the Paraguayan Olympic Committee’s headquarters. The event has been declared to be of national interest under Decree 4240 of 22 October 2015.

The IDB’s Board of Governors is the institution’s highest authority. Each member country appoints a governor. Governors are usually Ministers of Finance, Central Bank Presidents, or top public officials. The Board of Governors holds its annual meeting in March or April of each year to analyze the IDB’s operations and activities and make important decisions regarding future policies.

In addition to the meeting of the Board of Governors, two events of significance to Paraguay will be held. The first, the Americas Business Dialogue, provides an accommodating forum to facilitate high-level public-private dialogue in the region and work with the business community on a shared agenda for development in the Americas. Approximately 500 businesspeople are expected to attend this event.

The second event, Demand Solutions, will bring together some 500 participants and the world’s most creative minds to discuss and share innovative solutions to address development issues in Latin America and the Caribbean. Participants include high-school and college students, entrepreneurs, investors, representatives of public and private institutions, and journalists. The objective of this high-energy event is to highlight and promote innovative responses that improve lives.

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