THE Development Bank of Latin America (CAF) announced senior executive, external relations, Gianpiero Leoncini as its new vice president on August 21.

In a media release, CAF said executive president Sergio Diaz-Granados appointed him after consultation with the institution’s board.

“In accordance with article 48 of CAF's general regulations, the executive vice president is the most senior international officer after the executive president,” the release said.

“He is responsible for the internal operational management of the bank in matters of human resources, technology, physical infrastructure, administration, budget, operations control, planning, impact measurement and corporate strategy monitoring.”

Leoncini's appointment was part of the bank’s strategic agenda, which includes formulating work programmes with the public and private sector to promote sustainable and inclusive growth and regional integration.

Leoncini is a national of Peru. The release said he has had a 14-year career in the bank, where he held positions of principal executive and senior executive in external relations.

He also served as adviser to the bank's vice president.

“Between 2019 and 2023, he was responsible for CAF’s strategy and actions in Trinidad and Tobago and Barbados, including the origination of loans and the implementation of technical assistance to support the economic and social development of policies in these countries,” the release said.

During this period, CAF's portfolio in TT and Barbados increased from US$700 million at the beginning of 2019 to US$1.45 billion at the end of 2022.

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