2019 IADB meeting of board of governors to be held in China, says bank president

MENDOZA, Argentina - China will host the 2019 Inter-American Development Bank (IDB) meeting of its Board of Governors, said Luis Alberto Moreno, the president of the agency on Saturday.

The announcement came at the bank's latest annual meeting of the board, which was held in Mendoza, capital of Argentina's western Mendoza province.

The IDB, teamed with Chinese authorities, selected Chengdu, capital of southwestern Sichuan province as the host city, and to spotlight its industrial and trade potential, as well as its nature conservation.

Moreno said he was looking forward to the "fantastic" organization of next year's gathering and showed his appreciation to Chen Yulu, the deputy governor of the People's Bank of China.

Chen stressed the important work of the IDB in promoting social development, industrial diversification, and infrastructure building via a multilateral platform.

"The function of the Inter-American Development Bank and China together," Chen said, will "facilitate trade, exchange knowledge and provide technological aid."

Delegates from the 48 member countries of the IDB, as well as business leaders, investors and representatives of non-governmental organizations will attend the gathering next year.