Laura Alfaro to Lead Economic Research at Inter-American Development Bank
Laura Alfaro Appointed Chief Economist at IDB
On June 5, 2025, the Inter-American Development Bank (IDB) announced the appointment of Laura Alfaro as its new Chief Economist and Economic Counselor. This significant leadership role comes after a rigorous selection process, positioning Ms. Alfaro to leverage her extensive expertise and insights in economic research and public policy across Latin America and the Caribbean.
Ms. Alfaro steps into this vital role at a pivotal time for the IDB as it expands its influence and capabilities in addressing some of the most pressing challenges faced by the region. Her background as a former professor at Harvard Business School, coupled with her experience as the Minister of National Planning and Economic Policy in Costa Rica from 2010 to 2012, equips her with a robust foundation to lead economic advancements in the area.
As Chief Economist, Laura Alfaro will strengthen the IDB's research division, which is crucial for tackling urgent issues concerning productivity, competitiveness, private sector-supported growth, technological advancements, and overall public sector efficiency. This initiative aligns with the IDB's broader vision known as IDBImpact+, aimed at ensuring that economic analyses convert into actionable policies and strategies that enhance the quality of life in the region.
Ilan Goldfajn, the president of the IDB, expressed his enthusiasm about Laura's appointment, emphasizing the importance of knowledge in shaping public discourse and integrating research into operational activities. Goldfajn stated, _“We are thrilled about Laura's appointment, coinciding with the implementation phase of IDBImpact+, which marks a new chapter for our research division.”_
In her own words, Laura Alfaro remarked, _“It is an honor and privilege to join the Inter-American Development Bank as Chief Economist and Economic Counselor. Knowledge is only useful if it has an impact. Today, our region needs bold ideas, in-depth analysis, and real collaboration more than ever to transform data into decisions that enhance lives.”_
Alfaro holds a Ph.D. in economics from UCLA and dual citizenship from the United States and Costa Rica, representing a unique blend of insights from two culturally rich backgrounds. Her academic achievements and professional experiences play a crucial role in the IDB's mission to drive sustainable and inclusive development across the 26 countries it serves.
IDB, founded in 1959, is committed to improving lives in Latin America and the Caribbean through innovative solutions. By collaborating closely with the public sector, the bank provides technical expertise, financing, and knowledge essential for fostering growth and well-being in the region. The IDB continues to enhance its position as a leading regional development institution, striving to create a more equitable future.
In summary, Laura Alfaro's appointment as Chief Economist and Economic Counselor at IDB heralds a new era of heightened economic research and actionable insights focused on real-world impact. With her leadership, the IDB aims to address critical challenges faced by Latin America and the Caribbean, fostering resilience, financial inclusion, and sustainable growth for the communities it serves.