Directory
The Board of Directors is made up of representatives of series A, B and C shareholders. It establishes CAF policies, appoints the Executive President, approves credit operations, the annual expense budget, the granting of guarantees or investments and any other operation that is within CAF's objectives. The approval of certain operations is delegated to the Executive Committee or the Executive President, in accordance with the parameters established by the Board of Directors.
Directory functions
Answer
It is made up of representatives of series A, B and C shareholders, who are traditionally the ministers of Economy and Finance, presidents of central banks and high economic authorities of the shareholder countries.
Answer
Establish CAF policies, appoint the executive president, approve credit operations, the annual expense budget, the granting of guarantees or investments and any other operation that is within CAF's objectives.
Answer
For a period of one year, he must chair three meetings of the CAF Board of Directors, as well as the sessions of the Assemblies and Audit Committee, among others.
