IIC Elects Board of Executive Directors


WASHINGTON, D.C. - In the seventh general election of the Board of Executive Directors of the Inter-American Investment Corporation (IIC), the Governors for the constituencies listed below have elected the Executive Directors to serve for the period beginning on July 1, 2002.
The Board of Executive Directors, whose members serve three-year terms, approves the operating guidelines of the institution, its loan and equity proposals, and its administrative budget. The new Board of Executive Directors comprises the following members:

Mr. Ricardo Carciofi - Argentina and Haiti
Mr. Martus A. Rodrigues Tavares - Brazil and Suriname
Mr. Agustín García-López - Dominican Republic and Mexico
Mr. José A. Rojas - Panama and Venezuela
Mr. Jaime Pinto - Ecuador and Peru
Mr. Germán Quintana - Chile and Colombia
Mr. Orlando Ferreira - Bolivia, Paraguay, and Uruguay
Mr. José Carlos Quirce - Belize, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua
Mr. Luis Alberto Rodriguez - The Bahamas, Barbados, Guyana, Jamaica, and Trinidad and Tobago
Ms. Michaela Zintl - Austria, Germany, Italy, and the Netherlands
Ms. Marta Blanco - Israel, Japan, and Spain
Mr. Paal Aavatsmark - Denmark, Finland, France, Norway, Sweden, and Switzerland

The executive director for the United States is appointed. That position is currently held by Mr. José A. Fourquet.

The Inter-American Investment Corporation is a multilateral financial institution that is part of the Inter-American Development Bank Group. It provides financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. The IIC's mission is to promote the economic development of its regional borrowing member countries by stimulating the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size.

Contact: Jorge Roldán

Telephone: (202) 623-3948

Email: jorgero@iadb.org