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Inter-American Development Bank appoints new Vice President for Private Sector and Non-Sovereign Guaranteed Operations

 

 

The Board of Executive Directors of the Inter-American Development Bank (IDB) has appointed Steven J. Puig as Vice President for the Private Sector and Non-Sovereign Guaranteed Operations, effective immediately.

In his new position, Puig will be responsible for coordinating the private sector and non-sovereign guaranteed operational programs of the IDB Group, the development and implementation of a  private sector integrated business plan, as well as the business plans of each of the group´s private sector entities.

The IDB Group is composed of the IDB, the Multilateral Investment Fund (MIF) and the Inter-American Investment Corporation (IIC). The area under Puig´s responsibility will also include the IDB´s Structured and Corporate Finance Department (SCF) and the Opportunities for the Majority Sector (OMJ),

Puig was most recently Head of Trade Products for Latin America at Citigroup, based in Miami. Prior to that he served as President, Citigroup Colombia; President, Citibank El Salvador; and as Head of Corporate Banking and Corporate Finance of Citibank Dominican Republic. Before joining Citigroup, Puig served on the management team of two commercial groups in the Dominican Republic, Grupo Ambar and Grupo Reid & Perellano.

Puig, who is a joint citizen of the Dominican Republic and the United States, holds a Master’s Degree in International Management from the American Graduate School of International Management of Arizona, and a degree from Georgetown University’s Edmund A. Walsh School of Foreign Service, Washington, D.C.

The IDB is the leading source of multilateral financing for Latin America and the Caribbean.

The IIC supports the development of small and medium-sized businesses and the MIF promotes private sector growth through grants and investments. The SCF department is responsible for non-sovereign guaranteed operations. The OMJ sector promotes greater economic opportunities for the low-income population in the region.

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