The Board of Governors is the highest authority of the Development Bank and is composed of five Head Governors and five Alternate Governors appointed by the Member Countries.

The Board of Governors ordinarily meets once a year or holds extraordinary meetings based on the matter submitted for consideration.

The Board determines the allocation of FONPLATA’s profits and approves the Annual Report and the duly audited financial statements. In addition, it appoints the Executive President pursuant to the provisions of the Articles of Agreement, appoints the external auditors and deals with any other matter expressly submitted to the board.

ARGENTINA

Governor

Sergio Tomás Massa

Alternate

Leandro Adrián Gorgal

BOLIVIA

Governor

Sergio Armando Cusicanqui Loayza

Alternate

Marcelo Alejandro Montenegro Gómez García

BRAZIL

Governor

Lucas Pedreira do Couto Ferraz

Alternate

Marco Aurélio dos Santos Rocha

PARAGUAY

Governor

Óscar Llamosas Díaz

Alternate

Iván Johnnatan Haas Rivas

URUGUAY

Governor

Azucena Arbeleche

Alternate

Alejandro Irastorza

BOARD OF GOVERNORS - EXECUTIVE PRESIDENT

Uruguay

Azucena Arbeleche