IIC and Government of Denmark Sign Consulting Services Trust Fund Agreement

12/15/2003

Washington, D.C. - On December 16, 2003, the Inter-American Investment Corporation (IIC) and the Government of Denmark signed a three million Danish Kroner Trust Fund Agreement equivalent to US$500,000. The fund will be used in technical cooperation resources to support small and medium-size companies in Latin America and the Caribbean.

The signing ceremony took place at the Inter-American Investment Corporation in Washington, D.C. The agreement was signed by Mr. Jacques Rogozinski, General Manager of the Inter-American Investment Corporation, and Mr. Ole E. Moesby, Under Secretary of the Ministry of Foreign Affairs of the Government of Denmark. Also present at the ceremony were Mr. Ole Torpegaard Hansen, Head of World Bank Division, Ministry of Foreign Affairs, Ms. Jette Lund, Counselor, Danish Embassy, Washington, D.C. and Ms. Pernille Hager, Attache, Danish Embassy, Washington, D.C.

The Inter-American Investment Corporation is a multilateral financial institution that is part of the Inter-American Development Bank Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. The IIC's mission is to promote the economic development of its regional borrowing member countries by stimulating the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. For more information on the IIC's activities, visit its Web site at www.iic.int.

Contact: Jorge Roldan/Angela Miller

Telephone: (202) 623-3948

Email: jorgero@iadb.org