The Annual Meeting of Governors of the Inter-American Development Bank (IDB) of 2022 will take place in Punta del Este (Uruguay), reported on its website the Ministry of Economy and Finance of the country.
The economic recovery after the COVID-19 pandemic, climate change and private sector investment in the region will be the issues that the meeting will address, which will take place from March 17 to 20 in that city in southeastern Uruguay.
In turn, Punta del Este will also be the headquarters of the Inter-American Corporation of Investors (IIC), as agreed by the board of this body and was ratified in a meeting between the head of the portfolio, Azucena Arbeleche, and the president of the IDB , the American Mauricio Claver-Carone.
In a statement from the Uruguayan portfolio, it is noted that Arbeleche will assume the presidency of the Board of Governors of the IDB and the IIC until March 2023.
Last September, Claver-Carone held a meeting with the president of Uruguay, the center-right Luis Lacalle Pou, to whom the IDB’s interest in holding its annual meeting in Uruguay was already advanced.
In addition, at that time he expressed his opinion that Uruguay could become a kind of ‘Southern Silicon Valley’, alluding to the western United States where large corporations, such as Google and Apple are concentrated, and lead the region in the digital sector.
Economic and financial leaders from the 48 IDB member countries are expected to discuss economic recovery and investment opportunities in Latin America and the Caribbean during the days of the meeting.
At the agency’s annual meeting, held this year in Barranquilla (Colombia), an analysis of the needs and demands of the region for the capital increase was commissioned.
Claver-Carone said in that instance that he hopes that the next meeting in Punta del Este will be the starting gun for the “formal negotiations” with the goal that the approval be initialed “at the end of 2022 or the beginning of 2023.”
During the meeting in Barranquilla, Claver-Carone defended the need for a general capital increase for the IDB and has calculated its objective at US $ 20,000 million to increase the resources available for loans in the region, from the current US $ 12,000 annually.
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