He was Executive President of CAF-Development Bank of Latin America from December 1991 to March 2017. Prior to his election as President of CAF, he was Minister of Planning and Coordination and Head of the Economic and Social Cabinet of Bolivia between 1989 and 1991 and held senior positions at the World Bank, the Inter-American Development Bank and the Basin Financial Fund, as well as Chairman of CAF’s Board of Directors. He was also Deputy Secretary of Planning and a member of the Board of Directors of the Central Bank of Bolivia in the seventies.
In the academic field, he was a professor at the Universidad Mayor de San Andrés and the Universidad Católica, both in Bolivia. He is currently a visiting professor at the London School of Economics and the University of Havana, as well as visiting fellow at Oxford University and Beijing Normal University and professor of the chair José Bonifácio, University of São Paulo. He is a full member of the Bolivian Academy of Economic Sciences and of the Council of Science and Technology of the Bolivian Academy of Sciences. He has received doctorates and other honorary degrees from several universities internationally. He has published internationally on topics related to the development process and the role and importance of multilateral, regional and national development banks.
Mr. Garcia holds a BS degree in economics and political science and an MA degree in economics from St. Louis University. Louis University. He has also completed additional graduate studies in economic development at American University.
He is currently Chairman of the Latin American International Relations Council (RIAL), Co-Chairman of the Ibero-American Council for Productivity and Competitiveness (CIPYC), Chairman of the Board of the Trust for the Americas and member of various boards and advisory councils of different institutions in Bolivia and internationally.
INESAD