[Congressional Record Volume 145, Number 59 (Wednesday, April 28, 1999)]
[Extensions of Remarks]
[Pages E804-E805]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 ENRIQUE V. IGLESIAS, PRESIDENT OF THE INTER-AMERICAN DEVELOPMENT BANK

                                 ______
                                 

                        HON. ILEANA ROS-LEHTINEN

                               of florida

                    in the house of representatives

                       Wednesday, April 28, 1999

  Ms. ROS-LEHTINEN. Mr. Speaker, I would like to congratulate Enrique 
V. Iglesias who was recently named ``Man of the Year'' by Latin 
Finance. Mr. Iglesias, the former foreign minister of Uruguay and ex-
executive secretary of the United Nations Economic Commission for Latin 
America and the Caribbean, was also unanimously elected in 1997 to a 
third five-year term as president of the Board of Governors of the 
Inter-American Development Bank.
  Enrique Iglesias is a visionary--a man of insight and ability who has 
helped transform the IDB into an engine for reform, economic expansion, 
growth, and prosperity in the Western Hemisphere. As its President, he 
has led the IDB like a skilled navigator through tumultuous and 
sometimes uncertain waters in the last eleven years.

[[Page E805]]

  During his tenure in office, the Bank has become the leading 
multilateral provider of resources for Latin America and the Caribbean. 
Last year, the Bank recorded a figure of $10 billion with heavy 
investments in such areas as education, health, environmental 
protection, structural modernization, and reconstruction from natural 
disasters.
  He has actively supported the development of the private sector and 
capital markets in the region by promoting investment, lending, and 
innovation and has allocated the necessary resources to foster the 
growth of small and medium-size businesses in the region toward 
sustainability. His ability to develop and guide policies that will 
address the changing dynamics and economic landscape of the Hemisphere 
led to the establishment in 1994 of the Private Sector Department, a 
specialized operational department within the Bank, to provide long-
term financing and guarantees for private infrastructure projects in 
the region.
  I commend his dedication to mobilizing resources for the region and 
his commitment to the social and economic development of the 
Hemisphere.

                          ____________________