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JIS News

Minister of Finance and the Public Service, Audley Shaw, left the island earlier today (March 27), for Medellin, Colombia, where he will attend the 50th Annual Meeting of the Board of Governors of the Inter-American Development Bank (IDB).
The event, from March 27-31, will include the 24th Annual Meeting of the Board of Governors of the Inter-American Investment Corporation (IIC), an independent multilateral organisation affiliated with the IDB, whose purpose is to foster the development of small and medium-sized enterprises (SMEs).
Over the five days, Minister Shaw will contribute to discussions on the critical challenges confronting Latin American and Caribbean countries including Jamaica, in light of the deepening global economic crisis.
Importantly also, the Minister will use the occasion to hold private discussions with the IDB with respect to the status of the recently signed liquidity loan support programme for the productive sector. The talks will include exploring avenues for more effective take-up of the funds by the private sector.
Minister Shaw, who is accompanied by Director General of the Planning Institute of Jamaica, Dr. Wesley Hughes, will also participate in a number of scheduled activities, including meetings with institutional investors and financial institutions.
The Boards of Governors are the highest authorities of the IDB and the IIC. Their members are finance or economic affairs ministers, presidents of central banks or other high-ranking officials from the organisations’ member countries, including for the first time, China.

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