Succession at the IDB by Lucy Conger Poder y Negocios 5/20/2005 After 17 years in charge, Enrique Iglesias is expected to step down from the IDB Presidency in June. The upcoming election constitutes an excellent opportunity for the IDB to set a good precedent for this kind of process. According to Nancy Birdsall, President of the Center for Global Development and Executive Vice President of the IDB from 1993 to 1998, "given that borrowing countries control the post, they would make an important contribution to the public image of global institutions, if they announced the process they are going to follow; if they had a clear process for candidates to have discussions and interviews with the Board of Directors". Mr. Iglesias will leave the Bank during a good year for the region, when Latin America is expected to grow at a 4 percent rate. As for the successors, there is consensus among informed sources about three candidates: Enrique García, President of the Andean Development Corporation (CAF); Luis Alberto Moreno, Colombian Ambassador to the United States; and João Sayad, Vice President for Finance and Administration of the IDB. Whoever is elected will face the important challenge of making the 200 million poor people in Latin America the priority of the IDB's financing programs.