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IDB meeting opens in Canada focusing on Haiti, Latin American youth

By Julio Urdaneta for Infosurhoy.com—24/03/2011

Organization releases report about its work throughout the region on eve of the event.

IDB President Luis Alberto Moreno said all of the organization’s projects are “held to the highest standards of transparency and accountability.” (Tim Chong/Reuters)

IDB President Luis Alberto Moreno said all of the organization’s projects are “held to the highest standards of transparency and accountability.” (Tim Chong/Reuters)

CALGARY, Canada – On the eve of the start of the sessions of its 52nd Annual Meeting of the Board of Governors, the Inter-American Development Bank (IDB) released its 2010 Development Effectiveness Overview March 23, a document summarizing “the actions taken by the Bank in 2010 to measure and improve the social, economic and environmental impact of the IDB’s work throughout the region.”

“We are committed to make a sustained effort to show that every development project we finance has the impact we expect it to have, and that all the transactions associated to the implementation of the project are held to the highest standards of transparency and accountability,” IDB President Luis Alberto Moreno said.

One of the bank’s main focuses last year was Haiti, a country where the IDB helped build more than 800 temporary classrooms, allowing 70,000 children to return to school. The IDB also connected more than 12,000 households to potable water and sanitation.

In the report, the IDB notes Haiti will require “a quantum leap” to overcome its poverty after the earthquake in January 2010.

“Without a major change in growth trends, Haiti would be left behind while the rest of the region becomes more prosperous,” the report said. “The Bank is committing substantial resources to help in building back a better Haiti and avoid further stagnation.”

On March 24, on the first day of the 52nd Annual Meeting, senior executives from Canadian, European and U.S. companies will present business projects to promote private sector investment and social development in Haiti, at a roundtable discussion organized by the IDB and the Canadian Foundation for the Americas (FOCAL).

The “Youth for Development – Development for Youth” conference seeks to highlight “the strategic importance of investing in young people to support poverty reduction and social inclusion efforts, and the role that young people are playing in the development process as agents of change,” the IDB said in a statement.

The conference, held at the University of Calgary, will explore how employment and entrepreneurship can boost economic growth in Latin America. The event also intends to show how sports and culture can play a role in the region’s development.

The conference will feature the following speakers: Moreno; Akhtar Badshah, Senior Director, Microsoft Global Community Affairs; Ignacio González Nappa, director of development for Latin America and the Caribbean for pan-regional NGO Un Techo Para mi País; and Charly Alberti, the Argentine rock legend and president of environmental NGO R21.

The IDB also is holding the 26th Annual Meeting of the Board of Governors of its sister private investment unit, the Inter-American Investment Corporation, in conjunction with its 52 Annual Meeting of the Board of Governors, which runs through March 28.

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