At the next meeting of the Issuer's board, which co-directors are leaving and which are coming in?

The next meeting of the Banco de la República, which will take place on February 28, will have two new members. They are Laura Carla Moisa Elicabide and César Giraldo Giraldo, recently appointed by President Gustavo Petro, an announcement he made in mid-January through his X account (formerly Twitter).

The new members of the issuer's board will replace Roberto Steiner Sampedro and Jaime Jaramillo Vallejo, according to decrees 0190 and 0191 of February 21 issued by the Ministry of Finance and Public Credit.

Steiner Sampedro joined the board in October 2019, while Jaramillo Vallejo has been part of the bank's board of directors since April 2021.

In their new role, Moisa Elicabide and Giraldo Giraldo will accompany Leonardo Villar Gómez, General Manager of the Bank of the Republic; and the co-directors, Mauricio Villamizar Villegas, Bibiana Taboada Arango, Olga Lucía Acosta Navarro and Diego Guevara Castañeda, Minister of Finance, who chairs the board on behalf of the Government.

Laura Carla Moisá Elicabide is an economist from the National University, where she also obtained her master's degree in economic sciences. She holds a PhD in economic development from the State University of Campinas in Brazil.

Born in Bogotá to Argentine parents, who arrived in Colombia in the 1970s fleeing the dictatorship in their country, although their final destination was Venezuela, where they would meet with some relatives. However, they soon managed to find work here and that family reunion had to be postponed.

César Giraldo Giraldo, for his part, is a graduate in Economics from the Universidad de los Andes, with a specialization in public policy. He also obtained his master's degree from the Universidad Nacional de Colombia with a thesis on fiscal policy in the import substitution model. In 2007 he completed his doctorate at the Université de Paris XIII Paris Nord in economics.

According to the Colombian Academy of Economic Sciences, of which he has been a member since 2003, among the positions he has held throughout his professional career are the Technical and Economic Vice-Presidency of the Banking and Financial Entities Association (Asobancaria 1994 and 1995). He was also part of the Special Legislative Commission and worked at the Regional Center for Third World Studies, World Bank.

He has also worked in the Financial Analysis and Statistics Department of the Sub-Comptroller's Office, the General Accounting Office of the Nation, the United Nations Organization, the Programming and Control Division of the National Planning Department and the Ministry of Mines and Energy.