On April 10, the Board of Governors of FONPLATA — Development Bank appointed Luciana Botafogo as Executive President of the organization for a five-year term, starting on the date on which she takes office, scheduled for April 21.

Succeeding the Uruguayan economist and engineer Juan Notaro, who held that position for 10 years, Botafogo will become the first woman to hold the Executive Presidency of the Institution, continuing an agenda of renewal and modernization. She has large managerial experience within the Bank, as she has been serving as its Executive President a.i. since September 2022. Previously, from 2018 to 2022, she worked as Operations and Countries Manager.

At the same time, the Assembly mandated the Bank's Executive Board of Directors to analyze the possibility of an organizational restructuring to strengthen the Institution.

Luciana Botafogo

Brazilian citizen, Botafogo has more than 25 years of experience in Latin America and the Caribbean preparing and supervising economic and social development projects in the public and private sectors with emphasis on innovation, competitiveness, economic integration, and sustainability. From 2006 to 2018, she was a sector specialist at the Inter-American Development Bank (IDB). Previously, she served as International Advisor to the Presidency of SEBRAE Nacional (Support Service to Micro and Small Enterprises in Brazil – National Directorate) for more than one decade.

Botafogo holds a BA degree in Humanities from the University of Maryland (USA) and an MBA degree in Project Management from George Washington University (USA). Additionally, she holds a postgraduate degree in Foreign Trade from Fundação Dom Cabral (Brazil).

04/10/2023