Sergio Díaz-Granados is elected new CAF executive
Ciudad de México, 07 July 2021 (GLOBE NEWSWIRE) – The board of directors of CAF – Latin American development bank, made up of ministers of economy and finance, presidents of central banks and high authorities of the shareholder countries, today elected Sergio Díaz-Granados as the institution’s new executive president.
Sergio Díaz-Granados, who will take office on September 1, 2021 for a period of 5 years, is a prominent Colombian lawyer who currently holds the position of Executive Director for Colombia within the IDB Group; He has a long career in public and private services, both nationally and internationally, with particular emphasis on regional development and integration issues. He has held the positions of Minister of Commerce, Industry and Tourism of Colombia, Deputy Minister of Business Development and Chairman of the Boards of Bancóldex and ProColombia. He was also a member of Congress and chairman of the House of Representatives Committee on Economic Affairs.
Díaz-Granados is also dean and chairman of the IDB Board of Directors Coordination Committee. He participated in the merger process of the Inter-American Investment Corporation (SII / IDB Invest) in 2015. He also supported the approval of the second replenishment of the Multilateral Investment Fund (IDB LAB). As Executive Director, he chaired the Policy and Evaluation Committee of the IDB between 2016 and 2017, and the Board of Directors committee of IIC / IDB Invest between 2018 and 2019.
The elected president is a lawyer and government and finance specialist from the University Externado de Colombia, with postgraduate studies in public management for social development conducted at INAP (Spain). He studied constitutional law at the University of Salamanca (Spain).
CAF is a leading institution in Latin America and one of the main sources of multilateral funding for the region, with annual approvals exceeding $ 14,000 million for development and regional integration. Since it began operations in 1970, the institution has approved more than $ 200,000 million to improve the quality of life of Latin Americans. Likewise, CAF has established itself as an important think tank with a global vision and a link between Latin America and the rest of the world.