Luis Alberto Moreno was elected president of the Inter-American Development Bank (IDB) during a special meeting of the Bank’s Board of Governors at IDB headquarters in Washington, D.C. on July 27, 2005 and took office on October 1, 2005.
Previous to joining the IDB, Moreno served as Colombia’s Ambassador to the United States for seven years. Ambassador Moreno oversaw a dramatic improvement in Colombian-U.S. relations during his tenure in Washington. His most notable achievement was the successful effort to build strong bipartisan support in the United States Congress for passage of more than US$4 billion in U.S. assistance programs for Colombia.
Prior to his post as Ambassador, Moreno served a distinguished career in both the public and private sectors in Colombia. Immediately prior to his appointment in Washington, he served as representative for the Andean Region of WestSphere Capital, a private equity firm focusing on investment opportunities in Latin America, from August 1997 to July 1998. Previously, he served as senior advisor to the Luis Carlos Sarmiento Organization, the leading banking and financial group in Colombia with over US$10 billion in assets, from November 1994 to August 1997.
From 1991 to 1994, during the administration of President César Gaviria, Moreno worked in the Colombian Government in a variety of leadership positions. From December 1991 to July 1992, Moreno was the President of the Instituto de Fomento Industrial (IFI), the Colombian government’s industrial finance corporation, and a holding company for many of the largest state enterprises in the country. In July 1992, he was named Minister of Economic Development. During his tenure, he modernized the Ministry and its subordinated agencies, and led the design and implementation of Colombia’s industrial policy and competitiveness strategy.
Previously, Moreno was Executive Producer of “TV Hoy”, an award-winning news program, from January 1982 to September 1990. For his distinguished work in the field of journalism, he was awarded a Neiman Fellowship by Harvard University to undertake studies at that institution from September 1990 to June 1991.
Moreno has been invited on numerous occasions to write op-eds and articles on Colombian and international politics and economics for some of the most prestigious publications in Colombia and the United States. His writings have appeared in such newspapers as The New York Times, The Boston Globe, The Miami Herald and El Tiempo , and in such magazines as Foreign Affairs en Español and Semana.
Moreno obtained bachelor's degrees in Business Administration and Economics from Florida Atlantic University in 1975, and an MBA from the American Graduate School of International Management at Thunderbird University in 1977.