Support for Ocampo from ECLAC’s Executive Secretary

Alicia Barcena, Executive Secretary  of United Nations Economic Commission for Latin America and the Caribbean (ECLAC), organisation that Ocampo lead during 1998-2003, wrote a Spanish article  arguing why José Antonio Ocampo is the best candidate for the Bank’s presidency. Here are some of the main arguments:

José Antonio Ocampo has an “outstanding career in academia, in the advancement of development theories, direct management of public policy and intellectual leadership to display original paths to progress.”

“He has examined in depth the various challenges of development, the most important ones regarding the importance of countercyclical macroeconomic policies and of the role of state as an agent of development, and the need for a new international financial architecture aimed at reducing volatility. These ideas have been strengthened by the lessons of the last global financial crisis, and largely explain why Latin America suffered a limited impact during the global downturn of 2008-2009.”

“When serving as Under-Secretary General of the United Nations, Ocampo was a key player in the smart articulation of agreements between international economic actors”

“Ocampo is one of the experts who best know and understand the urgent need to redesign the global financial architecture that emerged 68 years ago in Bretton Woods.”

“His candidacy definitely expresses the will to achieve a new governance of international financial institutions”.

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