« Home | Privatization, Regulation and Investment: A Case S... » | March 29, 2006 IDB Fund approves $10 million gran... » | Growth of Nevis’ agriculture sector due to NIA’s ... » | Evaluation Gap updateMarch 2006 Results from CGD... » | Web-Based Seminar on Decentralization and Intergov... » | Saturday 1 April 2006 Hundreds of cases of dengu... » | IDB: Latin American, Caribbean Migrants Send Reco... » | Thursday March 30, 2006 - Philipsburg, Sint Maart... » | Caribbean group in US awards two scholarships to... » | Caribbean governments and businesses blamed for br... » 

Sunday, April 02, 2006 



Brazil hosts IDB annual meeting on debt relief, regional projects

www.chinaview.cn 2006-04-02 10:01:04

RIO DE JANEIRO, April 1 (Xinhua) -- Brazil is to host a meeting of the Inter-American Development Bank (IDB) on debt relief and regional projects in the country's southeastern city of Belo Horizonte Monday through Wednesday, according to local media.

Participants from Latin American and Caribbean nations are expected to focus on lessening the debt burden of the poorest nations in the region at the annual gathering, media reports said on Saturday.

Bolivia, Haiti, Honduras, Guyana and Nicaragua are reported to be among the nations appealing the bank to cancel their total debt of 3.5 billion U.S. dollars.

The Washington, D.C.-based bank is also expected to discuss the funding of Venezuela's plan to build a natural gas pipeline spanning South America and a highway project to connect Brazil's Atlantic coast to Peru's Pacific ports.

The 47-member IDB, which calls itself the world's oldest and largest regional development bank, was founded in 1959 to promote economic and social development. It has provided more than 100 billion dollars in development loans to Latin America and the Caribbean.

Copyright ©2003 Xinhua News Agency. All rights reserved.

Links to this post

Create a Link

About me

  • I'm Em Asomba
  • From United States
My profile
Skype Me™!

Poverty & Social Development: A Caribbean Perspective is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.