Colombian to Lead Regional Development Bank After Divisions
- Sergio Diaz Granados, of Colombia, elected to head CAF bank
- Election highlighted Latin America’s deep ideological divide
Photographer: Alejandra Parra/Bloomberg
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Colombia’s Sergio Diaz Granados will lead one of Latin America’s top development banks after a heated selection process that laid bare the region’s deep ideological divide.
Diaz Granados defeated Argentina’s Christian Asinelli to become the next head of CAF Development Bank of Latin America, according to a statement on the institution’s website Monday. The election pitted the region’s orthodox governments, like Brazil and Colombia, versus populist leadership in Argentina and Mexico.