Jacques Rogozinski Appointed General Manager of the Inter-American Investment Corporation

01/03/2000

WASHINGTON, D.C. — The Board of Executive Directors of the Inter-American Investment Corporation (IIC), acting on the recommendation of the Chairman of the Board of Executive Directors, Mr. Enrique V. Iglesias, appointed Mr. Jacques Rogozinski, a Mexican citizen, to head the institution as of January 1, 2000. The IIC, a member of the Inter-American Development Bank Group, provides equity investments, long-term financing, and consulting services to small and medium-size private enterprises in Latin America and the Caribbean.

The IIC recently received a major boost from its thirty-seven member governments with the approval of a $500 million capital increase and the adoption of a ten-year strategic program of operations. Mr. Rogozinski, who joined the IIC in January 1999 as Deputy General Manager, played a key role in the design and preparation of the business plan that will allow the institution to execute the program.

Before joining the IIC, Mr. Rogozinski served for two years as Senior Advisor for Private Sector Issues in the Office of the Executive Vice President of the Inter-American Development Bank.

Mr. Rogozinski came to Washington, D.C. in 1996 following eighteen years of public sector work in the Mexican government. Between 1989 and 1993, he headed the Office of Privatization of State Industries in Mexico. Under his direction, over 220 Mexican companies were transferred and sold to the private sector. Among the largest companies privatized were TELMEX (Teléfonos de México) and Mexicana Airlines. Prior positions held by Mr. Rogozinski in the Mexican government include CEO of Banobras, the Mexican National Public Works Bank, and CEO of Fonatur (National Fund for Tourism and Development). He recently published a book titled High Price for Change: Analyzing the impact of privatization on economic development in Mexico.

In 1993, the World Economic Forum (WEF) designated Mr. Rogozinski as one of the Global Leaders of Tomorrow along with other outstanding individuals for their achievements and their commitment to social responsibility. The Global Leaders meet regularly to discuss topics of world importance, exchanging views and shaping their vision of modern affairs. Recently they met in Paris, France to ponder the power, ethics, and morals of the globalization trend.

Contact: Jacques Rogozinski

Telephone: (202) 623-3901

Email: sylviasz@iadb.org