CAF Executive President Election
The Board of Directors of CAF—development bank of Latin America—held a meeting today chaired by Panama’s Minister of Economy and Finance Hector Alexander to discuss the election of the institution’s next executive president.
The Board of Directors is set to elect the new executive president in accordance with the provisions of the Articles of Incorporation, in a process that sets out a number of requirements and procedures to ensure the integrity of candidates and transparency of the election. Each country may nominate a candidate, if it so wishes, who must be a national of one of CAF’s member countries.
Board members may finalize the nominations they deem suitable for office until June 15, and will then arrange a meeting to conduct formal interviews with each of the candidates.
The election of the executive president will take place at a subsequent Board meeting, originally scheduled for July 5. The executive president will serve for a 5-year term, and may be re-elected once for an additional 5 years.
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