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Caputo participated in the closure of the IDB Annual Meeting

The Minister of Finance also held several bilateral meetings and attended the joint meeting of IDB and IIC committees where the recapitalization of MIF to encourage SMEs of the region was addressed.

April 2, 2017

This Sunday, the Minister of Finance, Luis Caputo, attended the last working day of the IDB Annual Meeting of Governors in Asuncion.

In the afternoon, the closure of the Meeting took place and Argentina hosting 2018 IDB Annual Meeting was made official. Caputo thanked the IDB for its commitment with Argentina and he highlighted the fact that the organization is a strategic ally in the changing process of the country.

Likewise, the Minister of Finance highlighted the connections between the agenda addressed at the Annual meeting and the working program of his Ministry: the financing of infrastructure, the development of the capital market and the formalization of the economy.

In addition, during the morning, Caputo participated in the presentation of the macroeconomic report of the region and, after that, in the traditional Governors photo.

Later, he attended the joint meeting of the IDB and IIC committees, where the participants talked about the recapitalization of the IDB Group’s Multilateral Investment Fund (MIF), which Inter-American Forum on Microenterprise (FOROMIC) will be carried out in October in Argentina.

FOROMIC is the most important annual event in micro-financial and business affairs of the region and it will take place in Argentina after 18 years. Within this framework, Caputo highlighted: “We are proud to host 2017 FOROMIC”. He also thanked “the IDB and the donor committee for the consensus achieved” and he added that “many SMEs were able to grow and develop with the support of the MIF”.

The MIF, created in 1993, is one of the units of the IDB Group that designs and finances projects of the private sector with an innovative approach. With more than 2000 development projects financed by different partners, the MIF’s 2016-2018 Business Plan focuses on three main strategic areas: Inclusive Cities, Climate-Smart Agriculture and Knowledge Economy.

During the afternoon, Caputo held bilateral meetings with the Deputy Assistant Secretary for Middle East and Africa of the Office of International Affairs of the U.S. Treasury, Eric Meyer, and later with Canada’s Assistant Deputy Minister of Global Issues and Development, Sarah Fountain Smith.