The Chief Minister hopes the Isle of Culture will leave a lasting legacy.
2014 will see a celebration of all the Island's music, dance, art, theatre and literature.
Allan Bell hopes the twelve months of events will bring similar benefits to the Island as those seen in the European City of Culture Derry.
He says the Northern Irish town's cultural transformation is amazing:
Clip 1
Doctors claim 'critical shortfall' in hospital beds is posing 'direct risk' to life
But Manx Care refutes shortage figures saying work continues to ease pressure
Charity reports marked increase in level of debt residents are struggling with
Salvation Army marking Debt Awareness Week
Bus drivers' strike: Hopes for new offer as negotiations continue
MIRS meeting on final day of latest round of industrial action
Charity encourages Manx residents to learn basic sign language
Manx Deaf Society hosting taster sessions during Sign Language Week