In order to be elected President, a candidate must receive favorable votes from IDB member countries representing a majority of total voting power, including an absolute majority of the governors of the regional members (the 26 borrowing members countries plus Canada and the United States).
Additionally, an absolute majority of the total number of governors, including an absolute majority of the regional members, all carrying three-fourths of the members' voting power, must participate in the election.
In July 2005, the Board of Governors elected Luis Alberto Moreno, Colombian diplomat and former minister of economic development, who took office October 1, 2005. At a special meeting of the Board of Governors held in Washington on July 6, 2010, Moreno was reelected to a second five-year term beginning Oct. 1, 2010.
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