The president of CAF, Luis Carranza Ugarte, will leave office next April



Luis Carranza Ugarte, executive president of CAF – development bank of Latin America-, will end his term next April, one year ahead of schedule.

In his four years of mandate, the incorporation of Mexico Y Costa Rica as full members of CAF, the virtual training program, started in 2017, or a 28% growth in the consolidated portfolio, with the support of the directory and of all its collaborators.

In total, 3,196,870 people have benefited from a new or improved drinking water and / or sewerage connection, 163,164 M2 of educational infrastructure built or rehabilitated, 99,680 students benefited from education projects, 5,563 kilometers of roads built, improved or rehabilitated, among many others. All thanks to the credits granted by the CAF.

“A restructuring of the organization was carried out that has allowed us to achieve these achievements and objectives. From the creation of new areas, such as the risk vice-presidency, to the implementation of an austerity plan, which allowed reducing travel expenses by 40%. It opted for the digital transformation of the organization and a more efficient operational management, establishing strategic goals with measurable indicators. All this, to achieve our goal: that resources are where they are most needed, supporting the development of Latin America and reaching people, “he says. Carranza Ugarte. Likewise, he highlighted that during the pandemic they acted quickly and effectively with a record of approvals of more than USD 14,000 million, aimed primarily at supporting countries in their efforts to address this difficult situation.

Although Carranza affirms that the “decision has not been easy”, he believes that it is time to step aside, “allowing the organization to continue its work independently, preserving its institutionality away from the politicization».

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