CAF President & CEO honored with Doctor Honoris Causa by USIL in Peru

(Lima, August 21, 2008).- The president & CEO of the Andean Development Corporation, Enrique Garcia, was honored by the San Ignacio de Loyola University (USIL) with the degree of Doctor Honoris Causa in recognition of his successful personal and professional career.

During a solemn ceremony held on the university campus, García received the honorary degree from the hands of Raúl Diez Canseco Terry, founding president of USIL university, and Edward Roekaert Embrechts, rector of the institution of higher studies.

After emphasizing the outstanding record, leadership, enterprising and competitive spirit of the guest of honor, Diez Canseco Terry said that García, during his term as CAF president, had done great work in favor of the wellbeing and development of the member countries of the multilateral organization.

For his part, Rector Roekaert Embrechts underscored García's achievements during his professional life in important posts such as CAF president, officer of the Inter-American Development Bank (IDB), and governor for his country in the World Bank, IDB and the River Plate Financial Fund, among others.

Thanking the university authorities for the Doctor Honoris Causa degree, García praised USIL's contribution in the field of education and training of young entrepreneurs, who - he said - were called on to become the future leaders of Peru and the region.

During his master conference, the CAF president warned of the risks but also the challenges which Latin America must face in the current world economic situation, as well as the role of multilateral organizations, particularly the anti-cyclical and catalytic role that CAF has been called on to play at the most difficult times for the region. Enrique García, of Bolivian nationality, has a degree and Master's in Economics and Finance from St Louis University and doctorate studies in the American University. He has been CAF president & CEO since December 1991; he has been re-elected for a fourth five-year term ending in 2011.

He has received doctorates and other honorary titles from prestigious universities, and has been decorated by the governments of Argentina, Bolivia, Brazil, Colombia, Ecuador, Peru, Venezuela and the Sovereign Order of Malta.

In 2001 he was awarded the "Latin American Integration" Prize by the Business Council of Latin America CEAL. In 2004 he received the prize for "Excellence in Regional Integration" from América Economía magazine, and was chosen "Man of the Year 2005" by Latin Finance magazine.