Executive President
Executive President
Sergio Díaz-Granados
The Executive President is in charge of the general management and administration of the institution. Responsibilities include approving the strategic plans for countries and sectors, the institutional structures and processes relevant to their level of authority, and the financial operations carried out by CAF for amounts within the limits determined by the Board of Directors. The Executive President takes office for a five-year term, and may be re-elected once.
Biography
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 at INAP (Spain). He completed higher studies in Constitutional Law, taught by the University of Salamanca (Spain). He has an extensive career in public and private service, both nationally and internationally, with a special emphasis on development and regional integration issues.
He has held the positions of 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 Chairman 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 chairman of the committee Coordinator 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 Committee of the Inter-American Investment Corporation (IIC / IDB Invest) between 2018 and 2019.
During his tenure as Minister of Commerce, Industry and Tourism of Colombia between 2010 and 2013, he was a member of CAF's Board of Directors, contributing to the strengthening of the Latin American dimension of the Institution, as well as his important role in promoting the sustainable development and regional integration. He led the trade and framework 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 completed trade negotiations with South Korea, Israel, Costa Rica, and Panama, and began negotiations with Japan.
As deputy minister of business development between 2006 and 2008, he worked on the creation of the Banca de las Oportunidades program as an instrument for financial inclusion, as well as on 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 commission of economic affairs of the Congress. 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 the academic level, he has been a professor at the Sergio Arboleda University in Colombia.
