IDB Annual Meeting to Take Place in Busan in March 2015

The Korean government is making the most of next year’s Inter-American Development Bank (IDB) general meeting to help Korean companies find their way into Latin American markets.

Minister of Strategy and Finance Choi Kyung-hwan recently met with IDB President Luis Alberto Moreno in Seoul and asked for his cooperation to that end. “We will try to share our economic development expertise with Latin American countries by means of trust funding projects, knowledge sharing projects, etc.,” he added. “The annual meeting scheduled for March in Busan will be an important venue for closer cooperation between the two regions,” the IDB president said in response.

The government is planning to focus on the creation of business opportunities in various sectors, such as energy, construction, and IT, during the conference period. The general assembly will be followed by the Korea-Latin America Business Summit, Korea-Latin America Knowledge Sharing Forum, Youth Forum, and many more events. The official website, idb2015.org, was recently opened, too. More than 3,000 visitors, including economic ministers, central bank governors, and financial industry figures, are expected to join the conference from 48 countries.

Korea acceded to the IDB in 2005, when it promised to provide trust funds of US$180 million for 10 years for the purposes of poverty eradication.