Minister of Finance and the Public Service, Dr Nigel Clarke is chairing the 2023 Annual Meeting of the Board of Governors of the Inter American Development Bank (IDB) and Inter American Investment Corporation (IDB Invest) in Panama City, Panama this weekend.
The meeting which is being held from March 16-19 will be focused on development challenges and opportunities in Latin America and the Caribbean, ranging from tackling climate change to ensuring equitable and sustainable growth.
The IDB, which is owned by 48 Governments from the Americas, including the Caribbean, Europe and Asia, is the largest development bank focused on Latin America and the Caribbean with over US$110 billion in assets.
The Chairman of the Board of Governors is elected each year at the Annual Meeting by the 48 Governors and serves until the next Annual Meeting.
Dr Clarke was elected last March by acclamation for the 2022/2023 period. Dr Clarke’s nomination was moved by Paraguay’s Finance Minister and IDB Country Governor, Oscar Llamosas, and seconded by Canada’s Temporary Alternate Governor, Andrew Horst.
He succeeded Colombia’s Finance Minister and IDB Country Governor, José Manuel Restrepo, who served for the 2021/22 administrative year.
It is expected that a new chairman will be named during this year’s meeting.
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