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Membership

Ecuador is one of the founding member countries of the IDB. Like all the shareholders, Ecuador appoints a Governor, who represents the country on the Board of Governors.

For day-to-day business at the Bank's Headquarters in Washington, D.C., Ecuador is represented by a chair on the Board of Executive Directors. The chair, shared with Chile, is headed by an Executive Director, who is elected to a three-year term by the Governors of Ecuador and Chile.

The Executive Director's Office - IDB Headquarters

Executive Director:
Alejandro Foxley Tapia (From Chile)
Alternate Executive Director:
Xavier Eduardo Santillán (From Ecuador)
Temporary Alternate Executive Director(s):
Luis Ortiz (From Ecuador), Carolina Torres Dominguez (From Chile)
Counselor(s):
Luis Ortiz (From Ecuador), Carolina Torres Dominguez (From Chile)
Elected By:
Chile and Ecuador
Number of votes:
233,741 (2.49% of the institution's ownership)

Contributed Capital from Ecuador (as of 12/31/2009 )

  US$ Million
Ordinary Capital: 581.70
Paid-in: 24.90
Callable: 556.80
Fund for Special Operations: (after exchange adjustments) 30.30
 
TOTAL CONTRIBUTION: 612.00

The Governor

  • Governor: Patricio Rivera Yánez, Ministro/Ministerio de Finanzas
  • Alternate Governor: Jeannette Sánchez Zurita, Ministra/Ministerio de Coordinación de Política Económica
  • Communications between the Governor and the Bank: Ministerio de Economia y Finanzas
  • Number of shares: 55,057 (0.59% of the institution's ownership)

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