Belgium Joins Inter-American Investment Corporation

03/10/2003

THE MEMBERSHIP OF IIC MEMBER COUNTRIES INCREASES TO FORTY-TWO

WASHINGTON, D.C. - Yesterday, Belgium became the forty-second member country of the Inter-American Investment Corporation at a signing ceremony held at the Inter-American Development Bank´s headquarters in Washington, D.C. The original Agreement Establishing the Inter-American Investment Corporation was signed by His Excellency, the Honorable Mr. Frans van Daele, Ambassador of Belgium to the United States of America, and the other membership documents were signed by Mr. Enrique V. Iglesias, President of the IDB and Chairman of the IIC Board of Directors, and by the Ambassador of Belgium to the United States of America.

Also present at the ceremony were Mr. Luc Devolder, Minister-Counselor and Mr. Paul Cartier, Attaché, of the Embassy of Belgium, Mrs. Michaela Zintl, IDB/IIC Executive Director for Austria, Belgium, Germany, Italy and The Netherlands, Mr. Paolo Cappellacci, IDB/IIC Alternate Executive Director for Austria, Belgium, Germany, Italy and The Netherlands, and Mr. Johan Rosseel, IDB Senior Counselor for Belgium.

Belgium thus formally joined the Inter-American Investment Corporation as the last of the five new member countries (comprising Belgium, Finland, Norway, Portugal and Sweden) that bring to forty-two the number of shareholders of the IIC, the member of the IDB Group that provides financing to the small and medium-size private enterprises in Latin America and the Caribbean.

Contact: Jacques Rogozinski

Telephone: (202) 623-3901

Email: sylviasz@iadb.org