Luis Alberto Moreno

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Luis Alberto Moreno
Moreno at the World Economic Forum in Davos, Switzerland in 2011.
Moreno at the World Economic Forum in Davos, Switzerland in 2011.
4th President of the Inter-American Development Bank
Assumed office
1 October 2005
Preceded byEnrique Valentín Iglesias García
29th Colombia Ambassador to the United States
In office
27 October 1998 – 27 June 2005
PresidentAndrés Pastrana Arango
Preceded byJuan Carlos Esguerra Portocarrero
Succeeded byAndrés Pastrana Arango
3rd Minister of Economic Development of Colombia
In office
5 July 1992 – 17 January 1994
PresidentCésar Gaviria Trujillo
Preceded byJorge Ospina Sardi
Succeeded byMauricio Cárdenas Santa María
Personal details
Born (1953-05-03) 3 May 1953 (age 65)
Philadelphia, Pennsylvania, United States
NationalityColombian
Political partyConservative
Alma materFlorida Atlantic University (BBA, 1975)
Thunderbird School of Global Management (MBA, 1977)

Luis Alberto Moreno Mejía (born 3 May 1953) is the 4th and current President of the Inter-American Development Bank.

Personal life and early career[edit]

Moreno was born in Philadelphia to a Colombian father attending medical school at the University of Pennsylvania.[1] He obtained bachelor's degrees in Business Administration and Economics from Florida Atlantic University in 1975, and an MBA from the Thunderbird School of Global Management in 1977. He was Executive Producer of "TV Hoy", an award-winning news program, from January 1982 to September 1990. For his distinguished work in the field of journalism, he was awarded a Nieman Fellowship by Harvard University to undertake studies at that institution from September 1990 to June 1991.

In government[edit]

From 1991 to 1994, during the administration of President César Gaviria, Moreno worked in the Colombian government in a variety of leadership positions. From December 1991 to July 1992, Moreno was the President of the Instituto de Fomento Industrial (IFI), the Colombian government's industrial finance corporation, and a holding company for many of the largest state enterprises in the country. In July 1992, he was named Minister of Economic Development. During his tenure, he modernized the Ministry and its subordinated agencies, and led the design and implementation of Colombia's industrial policy and competitiveness strategy. He served as senior advisor to the Luis Carlos Sarmiento Organization, the leading banking & financial group in Colombia with over US$10 billion in assets, from November 1994 to August 1997. He then served as the Andean region representative of WestSphere Capital, a private equity firm focusing on investment opportunities in Latin America, from August 1997 to July 1998.

Moreno was named Colombia's Ambassador to the United States in 1998, which required him to renounce his U.S. citizenship. As ambassador, Moreno oversaw a dramatic improvement in Colombian-U.S. relations during his tenure in Washington. His most notable achievement was the successful effort to build strong bipartisan support in the United States Congress for passage of more than US$4 billion in U.S. assistance programs for Colombia.[1] He held that position until 2005.

Following his tenure as ambassador, Moreno was elected president of the Inter-American Development Bank during a special meeting of the Bank's Board of Governors at IDB headquarters in Washington, D.C. on 27 July 2005. He took office on 1 October 2005.

Corruption[edit]

He was implicated in the corruption case of Chambacu as Minister of Economic Development of the Andrés Pastrana government (it was also accused the former Minister, Fernando Araújo Perdomo) of negotiating in favorable terms for the National Institute of Social Interest Housing, INURBE, and the Consortium Chambacú de Indias SA, of which they were partners, a lot to develop a construction project called "Chambacú", evicting the Afro-descendant population of extreme poverty. 35 Afro-Colombian families were evicted, transferring them to the Papayal sector, of which no cadastre was registered at the Agustín Codazzi Geographic Institute. During his kidnapping of 7 years at the hands of the FARC, the charges against Fernando Araújo precluded, just as those against Luis Alberto Moreno.

References[edit]

  1. ^ a b Shenon, Philip (2000-01-17). "Public Lives: With Roses, an Ambassador Polishes Colombia's Image". The New York Times. Retrieved 2013-04-08.
Preceded by
Enrique V. Iglesias
President of the Inter-American Development Bank
2005–present
Succeeded by
-