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Inter-American Development Bank (IDB) Annual Meetings - Guatemala, March 2007

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The 48th Annual Meeting of the Board of Governors of the IDB takes place in Guatemala City, Guatemala, March 16-20, 2007. This year, the hot issues are: the announcement of the IDB realignment; the review of its lending program; infrastructure and integration projects, and the debt cancelation of the 'poorest' Latin American countries. As in previous years, civil society representatives will actively participate in seminars and meetings with IDB staff members. Related Choike in-depth reports: External debt, International Monetary Fund, World Bank, IIRSA: infrastructure for the FTAA? Versión en español IDB now in on MDRI but once again the devil is in the detail According to the IDB’s President Luis Alberto Moreno, the "historic" decision "will help these countries free up resources to invest in quality education, health and other social services their citizens need to overcome poverty". These are impressive words but once again, the devil is in the detail. [see more] Representatives of Peruvian organizations in Guatemala protest IDB investment policies Among topics broached: Camisea, IIRSA, health problems in indigenous communities, and undue IDB support for corporations. Peruvian delegation includes Carlos Herrera Descalzi, former Peruvian minister and current vice-president of the Peru School of Engineers (CIP). [see more] The IDB approves debt relief – for whom? In view of the recent decision by the IDB to partially cancel debts claimed from five Latin American and Caribbean countries, Jubilee South/Americas cannot accept its terms nor the expectation created around it. [see more]

News Reports Representatives of Peruvian organizations in Guatemala protest IDB investment policies IDB Annual Meeting closes with blueprint for expanding opportunities to region’s underserved majority (final press release) Statement by the Assembly of Caribbean People (APC) and the Cry of the Excluded on the IDB announcement The IDB approves debt relief – for whom? Guatemalan Government blocks Bishop Alvaro Ramazzini and indigenous leaders from IDB Annual Meeting Debt relief cleared for Latin nations, by IPS IDB Governors approve debt relief for Bolivia, Guyana, Haiti, Honduras and Nicaragua (Press release) The IDB takes a step towards debt cancellation, but future loans would be rendered more expensive IDB readies 2007 Annual Meeting in Guatemala 2007 Annual Meeting of the IDB, information for CSOs (Bank Information Center) IDB finally agreed to cancel debts in favour of the five poorest Latin American countries Nicaragua after the approval of IDB debt cancellation, by Adolfo Acevedo IDB now in on MDRI but once again the devil is in the detail IDB's approach to MDRI: Debt relief or highway robbery? Notes from the 2007 Meeting of the IDB Board of Governors Southern Bank: A road towards a new financial architecture IDB restructuring: What does it mean? IDB 2007 Civil Society Meeting in San José, Costa Rica - A step backwards? IDB debt cancellation for Haiti

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