FGV honors president of the Development Bank of Latin America

Fri, 03/31/2017

FGV’s Latin American Center for Public Policy (CLPP) honored the president of the Development Bank of Latin America (CAF), Enrique Garcia Rodriguez, on March 21, in Sao Paulo. The Bolivian economist, who is retiring in April, was at the helm of the bank for 25 years. Originally created by five founding countries in the Andean region, the CAF ultimately became one of the primary sources of multilateral funding in Latin America, currently featuring 19 shareholder countries and nearly 40 billion U.S. dollars in assets.

Several city mayors, state secretaries, scholars, students, executives from different segments, and deans and directors from FGV’s schools and units attended the seminar. Carlos Ivan Simonsen Leal, president of FGV, Enrique García, president of CAF, Nelson Jobim, former Minister of Defense, Hélcio Tokeshi, Secretary of the São Paulo State Treasury Department, and Ricardo Marino, vice president of Itaú in Latin America, also participated.

During the event, FGV’s president thanked Enrique García for his important contribution to Latin America, highlighting the joint projects between FGV and CAF, such as the “Public Management, Political Management and Governability” program, developed through a partnership between FGV, CAF and the George Washington University.

In his speech, Enrique García pointed out the need to lay the groundwork to ensure higher quality and less volatility in Latin America’s development. He also stressed that such development must be efficient (or competitive) in economic terms, besides adopting an inclusive approach to tackle the most pressing issue in the region: inequality.

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