Inter-American Investment Corporation Hosts Seminar to Enhance Environmental Performance of the Financial Sector

12/09/2003

Miami, Florida.- Representatives from financial institutions in Latin America and the Caribbean met in Miami, Florida, from December 1 to December 3, 2003, at the "Environmental Management in the Financial Sector" seminar jointly organized by the Inter-American Investment Corporation (IIC), member of the IDB Group, and the International Finance Corporation (IFC). A total of 38 individuals from 27 institutions participated in the course. The seminar focused on the ways in which financial institutions can incorporate an environmental management system into their operations. The course was designed to help participants devise strategies that become a competitive advantage.

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.

The International Finance Corporation (IFC), a member of the World Bank Group, is a global investor and advisor that is committed to promoting sustainable projects in our developing member countries that are economically beneficial, financially and commercially sound, and environmentally and socially sustainable. IFC's mission is to promote sustainable private sector investment in developing countries, helping to reduce poverty and improve people's lives.

Contact: Angela Miller/Jorge Roldán

Telephone: (202) 623-3936

Email: angelam@iadb.org