Media Center

Press Release


  March 24, 2008

The Management Board of the Inter-American Agency for Cooperation and Development of the Organization of American States (OAS) approved the execution of 100 projects to be financed by the Special Multilateral Fund of the Inter-American Council for Integral Development (FEMCIDI) in 2008. The total amount of funds for these projects is to the order of 7.5 million dollars.

FEMCIDI is a grant fund that finances technical cooperation projects presented by the Member States and primarily directed toward promoting the human capacity development of their citizens and the strengthening of government institutions. Its priority areas of action are education, sustainable development and environment, democracy, social development and the creation of productive employment, culture, science and technology, economic integration and trade, and tourism.

FEMCIDI projects adhere to the guidelines defined in the OAS Strategic Plan for Partnership for Integral Development which recognizes the need to combat poverty and inequality as a common and shared responsibility of the Member States and as an essential factor in the promotion and consolidation of democracy in the continent.

The recently approved projects will join the portfolio of 861 FEMCIDI-funded projects implemented in previous years throughout the American Hemisphere. Upon reaching its 10th anniversary, FEMCIDI will have thus financed a total of 961 projects tallying 87 million dollars and which benefited hundreds of communities and thousands of families.

The Management Board meeting was chaired by Máximo Romero, Head of the Directorate General for Technical and Scientific Cooperation of the Secretariat of External Relations of Mexico. Ambassador Alfonso Quiñonez, Executive Secretary for Integral Development and Director General of the Inter-American Agency for Cooperation and Development represented the OAS at the meeting.

Reference: E-093/08