CAF elects new president

CAF elects new president

International Financial Institutions CAF Economy & Policy People Politics South America Colombia

South American development bank CAF said its board elected former Colombian trade minister Sergio Díaz-Granados as its next president to serve a five-year term starting in September. As LatinFinance reported on Monday, Díaz-Granados secured 11 votes out of the 10 needed to win the election with backing from Colombia, Brazil, Ecuador, Paraguay, Peru and Uruguay, which represent more than 60% of bank’s paid-in capital. The competing candidate, Christian Gonzalo Asinelli from Argentina, had support

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