NADBank board appoints new managing director; funds multiple projects

The North American Development Bank’s board on Thursday appointed Calixto Mateos-Hanel of Mexico as the bank’s managing director to serve through 2023.

Mateos-Hanel had been interim managing director of the bank since July, taking over from former managing director Alex Hinojosa after he was allegedly fired for inappropriate behavior. Mateos-Hanel was previously the bank’s deputy managing director and worked for 25 years at Mexico’s central bank. He has a doctorate in applied economics from Stanford…

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