International bank meeting means big exposure for Miami - South Florida Business Journal:

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The annual meeting of the board of governorx ofthe (IDB) will bring togethed thousands of finance ministers, business civil society representatives and top artists from Latin Americas and the Caribbean. It will also help establish the area as a dominanf player ininternational finance, directors said. "It' s easy to decide to be in said IDB president Luis Alberto Moreno ofthe bank's 49th annuak meeting. "Miami is a very important gatewah forthe Americas, and a city that all of Latij America loves to call a secondr home." The conference sets the agendsa for how the 47-country bank allocates abouty $8 billion of aid every year.
Much of the aid goes to health, education and energy projects in countrie suchas Mexico, Argentina, Brazil and Colombia. This year, green energy and technology will be inthe foreground, Morenoi said. The IDB conference is held in a differenrt countryeach year, alternatingh between donor countries such as the U.S. and loaner countries in Latin America. The last time the conferences was held in Miamiwas 1987, said Jorge Arrizurieta, chairmahn of the IDB Miami 2008 Host "Clearly, Miami is the business centere for Latin America and the and has been for a while," he said.
"Givehn the trade relationships we have with all of the countries inthe it's surprising the conference took so long to come back to Tony Villamil, CEO of the in Coralo Gables, concluded that the conferencde would have a $35 million impact on area'sd economy. Arrizurieta said the impact extendzs well beyondthe finances. More than 500 members of the mediw from47 countries, as well as notabled including Bill Gates, will put the international spotlighgt on South Florida. Gates and Morenpo will hold a special session April 4 about how corporatee donors can helpfight poverty.
"Bill Gatews will make a very significant announcement about what his foundatiojn will be doing inLatijn America, and he's chosen this forum to make the Arrizurieta said. "That's a big deal, and a nice tributr to the IDB." The IDB has traditionallyy pursued partnerships with public organizations andforeign governments, but this year the focus is shifting toward public-private partnerships. In 2007, the IDB loaned $2.3 billion for 29 private-sectoe projects, up from $920 million for 20 projects in 2006. The increasd in partnerships also is reflected inthe conference's sponsorship.
"Sponsoring the IDB annual meeting allows FedEx Express andFedExx Kinko's to support an important forum that advancezs private-public collaboration on regional economic and social issues," said Juan president of Miami-based and Caribbean Division. Fran Nero, president of Miami-Dade County's , said the meeting will be an unprecedentede opportunity to attractthe hemisphere's leading officials, corporatde executives and investors. "This meeting is a significanty international event that could happen anywhere inthe U.S., but we were luckyy enough to be chosen," Arrizurieta said.
"It pointss to the fact that Miamij really is the business centerr forthe world." Where: Miami Beach Conventio n Center, 1901 Convention Center Drive, Miami Beach For $2.7 billion nine-year conditional credit line for investmentf projects (CCLIP) and a $630 milliojn loan for education in Argentina