Mayra Buvinic, who was chief of the IDB's Women in Development Program Unit, has been appointed to head the Bank's Social Development Division in the Sustainable Development Department. She succeeds Claudio de Moura Castro, who has been named chief advisor on education to the manager of the same department.

Silvia Sagari, previously a senior advisor to the IDB's executive vice president, has been named head of the Infrastructure and Financial Markets Division in the Sustainable Development Department.

BONDS

The IDB issued a 150 billion Italian Lira bond (around $85 million) under its Euro Medium- Term Program. J.P. Morgan, Banca Nazionale del Lavoro, Sanwa and Goldman Sachs were the lead managers of the issue, which was priced at 100.908 percent and has a maturity date of Jan. 15, 2010.