Puerto Vallarta, Mexico - The World Economic Forum and the Government of Mexico recently signed a Memorandum of Understanding to mark the beginning of preparations for the international event. The meeting will take place in Puerto Vallarta’s International Convention Center on April 16-18, 2012. The 2012 Young Global Leaders Annual Summit will be held as part of the meeting in Nuevo Vallarta on April 14-16, 2012.

The Memorandum of Understanding was signed at World Economic Forum headquarters in Geneva by Jose Antonio Torre, Undersecretary for Competitiveness and Business Regulation of Mexico and World Economic Forum Founder and Executive Chairman, Klaus Schwab.

The meeting will address Latin America’s role in the governance of the global economy during Mexico’s chairmanship of the G20 as the country prepares for presidential elections.

“The World Economic Forum on Latin America will be held in Mexico at an important time for the country and the region as a whole,” said Marisol Argueta de Barillas. “Latin American countries continue to be an attractive destination for investment and the region demonstrates strong finances, continued economic growth and social development, despite the current global context. With this backdrop of economic strength, we are delighted to be in Puerto Vallarta to discuss the political, social and economic priorities for the region and the implication for Latin America’s role in the world.”

“The World Economic Forum on Latin America in Mexico is a perfect opportunity to convene leaders from business, government, academia, civil society and the media from across Latin America to reshape our path and accelerate our pace towards prosperity,” said Bruno Ferrari Garcia de Alba. “Mexico is pleased to welcome Latin American leaders and build together a more prosperous future for our people.”