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IDB board of governors meeting conclude with 3 key resolutions

Posted: Monday, March 20, 2023. 8:56 am CST.

By Zoila Palma Gonzalez: Prime Minister John Briceño was in Panama City attending the Annual Meeting of the Boards of Governors of the Inter-American Development Bank (IDB) and IDB Invest from March 16 to 19, 2023.

On March 19, the meeting concluded with the passage of 3 key resolutions.

The resolution “Advancing IDB Operational and Institutional Reforms” mandates the IDB Boards of Executive Directors and the IDB Management to work jointly in developing a proposal for a New Institutional Strategy. This resolution shall address strengthening coordination among the IDB, IDB Invest and the Multilateral Investment Fund.

The second resolution includes a “New Vision and Busines Model for the Inter-American Investment Corporation (IDB Invest). The New IDB Invest Proposal shall take into consideration the financial, resource, operational, and institutional implications of the New Vision and Business Model for IDB Invest.

The 3rd resolution is on the Multilateral Investment Fund that request the IDB Lab Management under the direction of the Donors Committee to develop a proposal which shall include a recommendation for donor contributions to IDB Lab, including a proposal for MIF IV agreement.

“The IDB has been instrumental for Belize in critical sectors of tourism, education, health, private sector and industry development, among other areas,” the Prime Minister noted.

 

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