IIC Signs A Memorandum Of Understanding With WUB International

04/10/2005

Okinawa On April 10, 2005, the Inter-American Investment Corporation (IIC) signed a memorandum of understanding with the WUB International. WUB is an association initially organized among businessmen in Hawaii and Okinawa with the purpose of building a worldwide business network.

The main purpose of the memorandum of understanding is to identify transactions in the Latin American and Caribbean member countries of the IIC in which WUB International would be interested in participating and promoting investments. The took place on the occasion of the forty-sixth Annual Meeting of the Board of Governors of the Inter-American Development Bank and the twentieth Annual Meeting of the Board of Governors of the Inter-American Investment Corporation in Okinawa. Signing for the Worldwide Uchinanchu Business Association was Mr. Shinji Yonamine, President, and signing for the Inter-American Investment Corporation was Mr. Jacques Rogozinski, General Manager.

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: Jacques Rogozinski

Telephone: (202) 623-3901

Email: sylviasz@iadb.org