Enrique Iglesias Bids Farewell To IDB

Enrique Iglesias, president of the Inter-American Development Bank (IDB) is retiring after 17 years heading up the organization. Iglesias, former foreign minister of Uruguay and director of CEPAL, was elected president in 1988 and has been reelected every four years since then. Spanish-born Iglesias will be replaced by Colombian diplomat and former minister of economic development, Luis Alberto Moreno, from 1 October.