Tuesday, 28 March 2017 17:35

Minister Robinson-Regis to discuss Trinidad and Tobago’s future with the IDB in Paraguay

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The Inter-American Development Bank (IDB) will be conducting its Fifty-Eighth Annual Meeting of the Board of Governors and the Thirty-Second Annual Meeting of the Inter-American Investment Corporation (IIC) in Asuncion Paraguay - March 30th - April 2nd 2017.

Trinidad and Tobago will be represented by the country’s Governor on the Board of Governors of the IDB, the Honourable Camille Robinson-Regis, Minister of Planning and Development, supported by a team of professionals from the Ministry of Planning and Development, the Ministry of Finance, the Tobago House of Assembly and the Central Bank of Trinidad and Tobago.

Over the duration of the Board of Governors’ meeting, Minister Robinson-Regis will hold bilateral talks with the President of the IDB, Mr. Luis Alberto Moreno, to discuss issues pertaining to the Bank’s loan and technical cooperation portfolio in Trinidad and Tobago, implementation progress of projects and programmes and the focus of future lending operations, in light of the recently approved IDB Country Strategy for the period 2016-2020.

In addition, Minister Robinson-Regis will also represent Trinidad and Tobago in a number of plenary sessions, seminars and workshops on issues pertinent to the development of the Latin American and Caribbean Region. Some of these include:

• Demand Solutions Ideas for Improving Lives: The IDB’s regional innovation and entrepreneurship movement bringing together some of the world’s most creative minds to share innovative solutions to development challenges. This event, organized in collaboration with the Government of Paraguay, will highlight the role of women as drivers of innovation and transformation in the past, present, and future of Latin America and the Caribbean. It will include extraordinary speakers who will share brief, inspiring, TED-style talks, interviews, and dialogues on how their innovations are improving lives in our region and the world.
• Business Forum: Themed “an agenda of growth and development,” this forum will bring together the region’s private sector leaders and high-level government officials who will analyze key issues for promoting sustained economic growth rooted in increased productivity. Presenters will address the challenges and opportunities faced by the region, such as promoting food security and the development of agribusiness, stimulating qualified human capital formation and creating conditions to promote innovation and increased productivity, and the investment in the infrastructure needed to enhance competitive integration into the global economy.
• America’s Business Dialogue: A regional mechanism facilitated by the Bank and led by the private sector to follow-up on the policy recommendations that presented to the Heads of State at the VII Summit of the Americas. These meetings will provide the opportunity for ABD leaders to analyze with each Governor those priority recommendations for the country and explore cooperation opportunities for their respective implementation. The recommendations are focused on: i) improving infrastructure and strengthening trade, ii) facilitating financial resources to spur growth and development, iii) stimulating innovation and entrepreneurship and developing our human capital, and iv) maximizing the potential of the region’s energy and natural resources.

The annual meeting of the Boards of Governors of the IDB and the IIC is usually held in late March or early April of each year in one of the Bank’s member countries. This official gathering is a forum for discussion among the Bank’s Governors, most of whom are Ministers of Finance and/or Planning, Presidents of Central Banks, or other high level authorities of the member countries. Representatives of other multilateral financial institutions, development agencies, rating agencies and private commercial banks also take the opportunity to participate in this meeting, to engage in discussions with country delegations on pertinent issues related to ongoing business relationships or to forge new ones, as well as current socio-economic conditions in the country/region.

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