Colombian court annuls Carrasquilla appointment

Banco de la Republica
Central Bank of Colombia, Bogota
Rachael King

Colombia’s highest administrative law court ruled on November 24 that Alberto Carrasquilla was not legally appointed to the central bank board.

The council of state accepted complaints that Carrasquilla’s appointment violated a law mandating that women comprise at least 30% of the membership of decision-making bodies. The court ruled that the quota requires that at least two of the five full-time directors on the central bank board be women. Currently, only one woman sits on the board, Bibiana

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