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IDB Board of Governors praises outgoing president

The Board of Governors of the Inter-American Development Bank today expressed its appreciation to President Enrique V. Iglesias for his 17 years of service to the IDB, and welcomed the new president-elect, Colombian diplomat and former economic development minister Luis Alberto Moreno.

Moments after electing Amb. Moreno, the Board —the highest authority of the IDB—unanimously adopted a resolution to “record expressly its appreciation and gratitude to Mr. Enrique V. Iglesias for his outstanding service as President of the Bank, and for his decisive role in the growth, strengthening and leadership of the Bank as a force for economic and social development in Latin America and the Caribbean.”

Many of the Governors, beginning with Uruguay Economy and Finance Minister Danilo Astori, praised the outgoing president for his contributions and commitment to the IDB and his professional and personal qualities.

Iglesias thanked the Governors for their homage, noting that when he joined the IDB he had pledged to build “a large, innovative and efficient” institution. He emphasized that the Bank’s approach—to serve and not to be served—considers the countries partners rather than clients. “I feel more Latin American and more optimistic than ever, because I believe in the future of Latin America and the Caribbean,” Iglesias concluded.

At the end of the meeting, the Board of Governors invited president-elect Luis Alberto Moreno to take the floor. Moreno thanked the Board for the trust it was placing in him, a challenge that he accepted “with humility, conviction and a commitment to work with determination so that the IDB continues to be the primary partner of its member countries on the path to development.”

The future leader of the IDB said that it is essential to promote partnerships between the public and private sectors in Latin America and the Caribbean as well as to deepen programs for transparency in government and reform of the state, with special emphasis on the fight against corruption.

Moreno will be the fourth president of the IDB, the oldest and largest regional development bank in the world. He will take office on October 1, 2005. His predecessors were Felipe Herrera of Chile, Antonio Ortiz Mena of Mexico and Enrique Iglesias of Uruguay, who resigned on May 31.

 

The Board of Governors of the Inter-American Development Bank today expressed its appreciation to President Enrique V. Iglesias for his 17 years of service to the IDB, and welcomed the new president-elect, Colombian diplomat and former economic development minister Luis Alberto Moreno.

Moments after electing Amb. Moreno, the Board —the highest authority of the IDB—unanimously adopted a resolution to “record expressly its appreciation and gratitude to Mr. Enrique V. Iglesias for his outstanding service as President of the Bank, and for his decisive role in the growth, strengthening and leadership of the Bank as a force for economic and social development in Latin America and the Caribbean.”

Many of the Governors, beginning with Uruguay Economy and Finance Minister Danilo Astori, praised the outgoing president for his contributions and commitment to the IDB and his professional and personal qualities.

Iglesias thanked the Governors for their homage, noting that when he joined the IDB he had pledged to build “a large, innovative and efficient” institution. He emphasized that the Bank’s approach—to serve and not to be served—considers the countries partners rather than clients. “I feel more Latin American and more optimistic than ever, because I believe in the future of Latin America and the Caribbean,” Iglesias concluded.

At the end of the meeting, the Board of Governors invited president-elect Luis Alberto Moreno to take the floor. Moreno thanked the Board for the trust it was placing in him, a challenge that he accepted “with humility, conviction and a commitment to work with determination so that the IDB continues to be the primary partner of its member countries on the path to development.”

The future leader of the IDB said that it is essential to promote partnerships between the public and private sectors in Latin America and the Caribbean as well as to deepen programs for transparency in government and reform of the state, with special emphasis on the fight against corruption.

Moreno will be the fourth president of the IDB, the oldest and largest regional development bank in the world. He will take office on October 1, 2005. His predecessors were Felipe Herrera of Chile, Antonio Ortiz Mena of Mexico and Enrique Iglesias of Uruguay, who resigned on May 31.

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