The Central American Bank for Economic Integration (CABEI) will close this Friday, September 8, the period for candidates who so wish to apply for the position of executive president of the entity to, in November, proceed to their election.

The LXIII CABEI Board of Governors, held on May 12, decided that the current president of the bank, Dante Mossi, would not be renewed in office, which has led to the opening of the term to search for new names.

The new president must take office on December 1st for a period of five years. At the moment, there are few names on the table, although the member countries have begun to articulate their strategies.

The chosen candidate must come from one of the five founding countries of CABEI, which reduces the options to five member states: Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Since 1961, the institution has had five presidents from Honduras (including Mossi), four from Guatemala, three from Nicaragua, two from Costa Rica and one from El Salvador.

From El Salvador, the possibility is being considered that the former Minister of Finance, Alejandro Zelaya, launch his candidacy, according to Bloomberg. Currently, Zelaya is CABEI country director, after Nayib Bukele’s appointment of him to this position and his nomination for president would imply his resignation.

In recent weeks it has also become known that Guatemala and Costa Rica are considering presenting a common name to preside over the institution. This hypothetical candidate could have the approval of important partner countries that contribute large amounts of capital, such as Spain, Mexico or Taiwan.

In addition to the geographical origin and the different political interests that come into play, CABEI requires candidates to have “recognized professional capacity, honesty and experience of at least ten years in managerial and executive positions in economic, financial, banking or in development policies”.

K. Tovar

Source: Infobae

(Reference image source: CABEI, dpa)

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