Executive Presidency
Exercises the general management and administration of the institution. It is responsible for approving the strategic plans for countries and sectors, the institutional structures and processes that correspond to its level of authority, and the financial operations carried out by CAF for those amounts that are within the limit that the Board of Directors has delegated to it. He remains in office for five years and may be re-elected once.
Biography Executive President
Sergio Díaz - Granados
The Executive President of CAF -Development Bank of Latin America-, Sergio Díaz-Granados, is a lawyer from the Externado University of Colombia, with postgraduate studies in Public Management for Social Development carried out at INAP (Spain). He completed higher studies in Constitutional Law and taught at the University of Salamanca (Spain). He has an extensive career in public and private service, both nationally and internationally, with a special emphasis on regional development and integration issues.
He has held positions such as Minister of Commerce, Industry, and Tourism of Colombia, Vice Minister of Business Development, and President of the Boards of Directors of Bancoldex and ProColombia. He has also been a Congressman and president of the Economic Affairs Committee of the House of Representatives.
Before joining CAF, he served between 2015 and August 2021 as Executive Director for Colombia and Peru at the IDB Group, which consists of the Inter-American Development Bank (IDB), IDB Invest, and IDB Lab. He was the dean and president of the coordinating committee of the Executive Board. He was part of the merger process of the Inter-American Investment Corporation in 2015. Likewise, he supported the approval of the second replenishment of the Multilateral Investment Fund (IDB LAB). As Executive Director, he chaired the IDB Policy and Evaluation Committee between 2016 and 2017, and the Board of Directors Committee of the Inter-American Investment Corporation (IIC/IDB Invest) between 2018 and 2019.
During his time as Minister of Commerce, Industry, and Tourism of Colombia between 2010 and 2013, he was a member of the CAF Board of Directors, contributing to the strengthening of the Latin American dimension of the Institution, as well as its important role in promoting sustainable development and regional integration. He led the framework and trade agreement negotiations that led to the creation of the Pacific Alliance and the entry into force of trade agreements with the United States and the European Union. He also concluded trade negotiations with South Korea, Israel, Costa Rica, and Panama and began negotiations with Japan.
As vice minister of business development between 2006 and 2008, he worked on creating the Banca de las Oportunidades program as an instrument of financial inclusion and reforms to improve the business environment in Colombia. He also served as Advisor to the Minister of Finance and Public Credit. He was a Congressman and president of the Congressional Economic Affairs Commission. He was president of the Association of Travel and Tourism Agencies, the main union in the tourism sector. He has been president of the Boards of Directors of Bancóldex, ProColombia, the National Guarantee Fund, the National Tourism Fund FONTUR, and "Marca País". On an academic level, he has been a professor at the Sergio Arboleda University in Colombia.
