On October 11th, 2005, the Board of Executive Directors of the Inter-American Investment Corporation approved a new policy of Information Disclosure for the institution, which replaces the Policy on Disclosure of Information approved on January 15, 1999. The Board’s approval followed a 90-day public consultation process. The new Policy considerably expands the scope of information to be disclosed to the public, and for the first time explicitly states that information concerning the Corporation and its activities will be available to the public in the absence of a compelling reason for confidentiality. With this new policy the Corporation reaffirms its commitment to transparency and accountability in all of its activities. Documents prepared between January 15, 1999 and December 1, 2005 will continue to be subject to the policy approved on January 15, 1999. The new policy became effective on December 1st, 2005.