The Inter-American Investment Corporation Signs A Memorandum Understanding With The Israel Export Institute

06/20/2001

Organizations will work together to promote SMEs In Latin America and the Caribbean WASHINGTON, D.C. -The Inter-American Investment Corporation (IIC)1, a member of the Inter-American Development Bank Group, signed on June 21, 2001 Understanding with the Israel Export Institute. The two organizations will work together in the region by exchanging information and publications, providing logistical support, and identifying potential partners and/or investors for forming joint ventures between Israeli companies and small and medium-size enterprises in Latin America and the Caribbean. The Israel Export Institute is a non-profit organization established in 1958 by the export community and the government to expand and promote Israel's overseas commerce.

The signing ceremony took place at IIC headquarters in Washington, D.C. The Memorandum of Understanding was signed by Mr. Amir Makov, Chairman of the Israel Export Institute, and Mr. Jacques Rogozinski, General Manager of the IIC.

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1 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 further information on IIC's activities, please visit our Web site (www.iadb.org/iic).

Contact: Jacques Rogozinski/Jorge Roldan

Telephone: (202) 623-3901

Email: sylviasz@iadb.org