IDB Appoints Laura Alfaro as New Chief Economist to Tackle Latin America's Economic Challenges

The Inter-American Development Bank (IDB) has taken a significant step forward in its mission to address the economic challenges of Latin America and the Caribbean by appointing Laura Alfaro as its new Chief Economist and Economic Counselor. This strategic move highlights the Bank's focus on integrating rigorous economic analysis and innovative policy-making to foster sustainable and inclusive development in the region.

Alfaro's appointment comes at a critical time as the IDB embarks on the implementation of IDBImpact+, an initiative designed to deepen the integration of economic analysis into the Bank's operations and policy recommendations. With her extensive background in economic research and public policy, Alfaro is poised to lead the Bank's efforts in enhancing productivity, stimulating private sector growth, and promoting technological innovation.

IDB President Ilan Goldfajn has expressed confidence in Alfaro's ability to drive the Bank's strategic direction, underscoring the importance of research and knowledge in achieving the Bank's objectives. Alfaro's previous roles, including her tenure as a Professor at Harvard Business School and as Minister of National Planning and Economic Policy in Costa Rica, have equipped her with a unique perspective that blends academic rigor with practical policy experience.

Alfaro has articulated her vision for the role, emphasizing the need for innovative solutions and collaborative efforts to translate economic research into policies that can improve the lives of millions in the region. Her leadership is expected to significantly enhance the IDB's capacity to contribute to the region's development agenda, marking a new chapter in the Bank's efforts to promote economic growth and social well-being in Latin America and the Caribbean.