IDB Invest announced that its Chief Finance and Administration Officer, Maria del Rocio Palafox, has decided to step down effective September 30, 2019. Orlando Ferreira, the organization’s Chief Strategy Officer, will take on the additional role of Chief of Finance and Administration.
Orlando Ferreira, a national of Paraguay, served as Chief Financial Officer and Chief Operating Officer of the Inter-American Investment Corporation (IIC) before becoming Chief Strategy Officer of IDB Invest in 2016.
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects so they can achieve financial results and maximize the region’s economic, social, and environmental development. With a portfolio of $12.4 billion in assets under administration and 342 clients in 24 countries, IDB Invest provides innovative financial solutions, knowledge and advisory services in response to its clients’ needs in a variety of sectors.