The IDB’s maximum authority is the Governor’s General Assembly. Every signing country appoints a governor, who is normally the Minister of Public Finances, the Chairman of the Central Bank, or a high government official. The governors meet to analyze the IDB’s operations and activities, as well as the priorities and challenges of the development agenda for Latin America and the Caribbean. During the meeting, a series of seminars take place for discussing topics of interest for the region. 
Besides the governors, representatives of the private and financial sector, multilateral bodies, cooperation agencies and associations, among others, also participate in the Annual Meeting. This meeting is considered the region’s most important for the economic and financial sector.