The President of the IDB is elected by the Board of Governors to a five-year term, according to a set of regulations in compliance with the agreement establishing the Bank.
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.
Learn how our team is organized to fulfill our mission of improving lives in Latin America and the Caribbean.
Explore the IDB's organizational structure, from its leadership to its departments, sectors, and offices, to gain a deeper understanding of how the IDB is structured.
The IDB has 26 borrowing member countries, all in Latin America and the Caribbean. Together, they have slightly more than 50% of the voting power on the IDB board.
Of the IDB's 48 member countries, 22 are non-borrowing, meaning that they provide capital and have voting representation in the Bank’s Board of Governors and Board of Executive Directors according to their capital subscriptions.