The process of electing the new Executive President of CAF -development bank of Latin America- advances with the nomination of candidates by its member countries. At the end of the term established by the Board of Directors, the candidatures of the Argentine Christian Gonzalo Asinelli, current Undersecretary of International Financial Relations for Development of the Secretariat of Strategic Affairs of the Presidency of the Argentine Nation; and the Colombian Sergio Díaz-Granados, current Executive Director for Colombia before the IDB Group, were presented.
The Board of Directors is set to elect the new executive president in accordance with the provisions of the Articles of Incorporation, in a process that sets out a number of requirements and procedures to ensure the integrity of candidates and transparency of the election and will then arrange a meeting to conduct formal interviews with each of the candidates.
The election of the executive president will take place at a subsequent Board meeting, originally scheduled for July 5th. The executive president will serve for a 5-year term and may be re-elected once for an additional 5 years.