CAF announced its new president

Colombian Sergio Díaz-Granados assumed the executive presidency of the Development Bank of Latin America (CAF) with the aim of promoting the economic and social reactivation of the region.

In a ceremony held at the headquarters of the organization located in Caracas, which was attended by the executive vice president of Venezuela, Delcy Rodríguez; the Venezuelan Foreign Minister, Félix Plasencia; and other authorities, Díaz-Granados stressed that his priority in the next 100 days in office will be to promote the economic and social reactivation of Latin Americans.

“We are challenged by the health crisis, economic reactivation and recovering the lost time of our generation in education. These years have been critical for 50 % of young people in Latin America, and if we do not correct this soon, we will be condemning them for the rest of their lives”, he said.

Likewise, the former Colombian Minister of Commerce added that CAF has the opportunity to strengthen regional value chains and make commerce “a source of income and employment.”

The regional development agenda set by Díaz-Granados also includes working to make CAF the green bank in Latin America, through investments that reach the region that have sustainable growth and the circular economy as their objective. Likewise, the agency’s management will grant greater financing to projects in environmental, forestry, water, climate, waste management, energy efficiency and sustainable agriculture, among others.

Another strategic axis of Díaz-Granados’ mandate will go through deepening support to the private sector to increase productivity and job creation, along with cross-cutting policies for gender equity, inclusion and diversity.

The new executive president of CAF, Sergio Díaz-Granados, is a lawyer and specialist in government and finance from the Extemado de Colombia University. Among other positions, throughout his career he has served as Minister of Commerce, Industry and Tourism of Colombia, Vice Minister of Business Development and Chairman of the boards of directors of Bancoldex and Procolombia.

K. Tovar

Source: El Heraldo