Our Man at the IDB
Colombia's ambassador to Washington, Luis Alberto Moreno, won
a decisive election victory to take over as president of the
Inter-American Development Bank. He soundly beat rivals from
Brazil, Peru and Venezuela, thanks to strong support from the
US, which holds 30% of the bank's shares. Moreno is one of
Latin America's most accomplished diplomats in Washington. IDB
watchers say he needs to engage more closely with
non-governmental organizations and develop new products better
suited for private sector borrowers as lending to governments
Promotion at Petrobras
The Brazilian government promoted José Sérgio
Gabrielli to become president of Petrobras, the
state-controlled national oil company. Gabrielli takes over
from Eduardo Dutra, who quit to run for the Senate on the
ruling Workers Party ticket. Gabrielli has served as CFO at
Petrobras since March 2003. He is a former economics professor
who has impressed markets for his...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.