Skip to main content
IDB Board of Governors re-elects Enrique Iglesias to lead institution

The governors of the Inter-American Development Bank today unanimously re-elected Enrique V. Iglesias as president of the institution for a new five-year term beginning April 1, 2003.

The decision was made formal during an extraordinary meeting of the Board of Governors in Washington, D.C., after completion of the regulation period for the presentation of candidates. Iglesias was the sole nominee, backed by all 46 of the Bank’s member countries.

The governors expressed their satisfaction at the achievements of the IDB Group in recent years under the leadership of Iglesias as well as their confidence that the institution will continue its service to help resolve critical problems that affect the region today.

The IDB is the main source of multilateral financing for economic, social, and institutional projects and programs in Latin America and the Caribbean, including policy and sectoral reforms and the promotion of public and private investments.

A Uruguayan citizen, Iglesias is the third president of the IDB. He was preceded by Felipe Herrera of Chile (1960-1971) and Antonio Ortiz Mena of Mexico (1971-1988).

Jump back to top