ACCIÓN international receives IDB development award

award pic ACCIÓN international receives IDB development award

source:iadb.org

Microfinance Focus, Dec. 06, 2009: ACCIÓN International, which specializes in microfinance, received the Inter-American Development Bank’s first Juscelino Kubitschek Award for its contribution in the field of economics and finance, said a press release. Two more organisations, Federación Internacional Fe y Alegría and Associação Vaga Lume (Brazil) also won the award for their contribution in the social, cultural and scientific fields.

This is the first edition of the Juscelino Kubitscheck Award, which will be held every two years. Individuals and institutions nominated organizations for the prize.  The award is the biggest by a multilateral institution in Latin America and the Caribbean. Each category winner receives a prize of $100,000. The winners for the cultural social and scientific category shared the prize.

The criteria used to select the winner for the field of economics and finance was based on the magnitude of its social impact. Diego Guzmán, Regional Director for Latin America and the Caribbean for ACCIÓN, received the award on behalf of the organization.

Bernardo and IDB President Luis Alberto Moreno handed out the awards to the representatives of each institution in a ceremony during the XIX Ibero-American Summit in Estoril, Portugal. The award marks the 50th anniversary of the IDB and honors former Brazilian President Juscelino Kubitschek, who envisioned the creation of a multilateral development institution for Latin America and the Caribbean that later resulted in the founding of the IDB.

“We want to showcase Kubitschek’s spirit of entrepreneurship, democracy, economic progress and cultural development that characterized as well as to recognize the outstanding contributions foundations are making to the social and economic development of the peoples of Latin America and the Caribbean,” Moreno said about the awards.

© 2009, Microfinance News. All rights reserved. 2008-09

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