Subject: Re: MIF Position
From: Carmel Martin <[email-masked]>
To: John Podesta <[email-masked]>
Date: Thu, 21 May 2015 03:30:11 +0000

Just sent.  Thanks.

From: John Podesta <[email-masked]<mailto:[email-masked]>>
Date: Wednesday, May 20, 2015 7:14 PM
To: Carmel Martin <[email-masked]<mailto:[email-masked]>>
Subject: Re: MIF Position

Send me his resume and I will forward to Luis.

On Tuesday, May 19, 2015, Carmel Martin <[email-masked]<mailto:[email-masked]>> wrote:
John – A good friend of mine is applying for a job with the Multilateral Investment Fund (MIF) –Juan Carlos Iturrequi (resume attached).  I reached out to Dan Restrepo and he said the decision-maker is Luis Alberto Moreno and you had a relationship with him.  I know you don’t know my friend so are not in a position to put in a good word for him but wondering if you might have any advice for him in terms of connecting with Moreno?   Best, Carmel

Carmel Martin
Executive Vice President for Policy
Center for American Progress
202-741-6366
[email-masked]<javascript:_e(%7B%7D,'cvml',[email-masked]');>

From: Iturregui, Juan Carlos [mailto:[email-masked]<javascript:_e(%7B%7D,'cvml',[email-masked]');>]
Sent: Friday, May 01, 2015 12:23 PM
To: Carmel Martin
Subject: Hi Carmel -- MIF Position -- jci

Good afternoon:  I trust that you are well and in  great spirits.  As discussed, last week I applied for the General Manager vacancy at the Multilateral Investment Fund (MIF) here in Washington.  The attached cover letter expresses my strong interest in this position and evidences my qualifications.  I have also included for your review my CV and a summary page of my professional experience.

The MIF is an innovative and unique entity in the international development sector, being the largest provider of technical assistance for private-sector development in Latin America and the Caribbean.  It was formed in 1993 during President Bill Clinton's Administration, with the US and Japan as the largest and most committed original donors.  It currently has 39 member countries, the US & Japan remain its largest stakeholders (with about 60% ownership interest), Spain, Canada, U.K and a few other European countries plus Korea account for the next 15% share, and the balance is held by beneficiary countries in the region.  The MIF finances about 100 projects per year, with a total finance volume of about US$100 million & leverages these investments with additional resources from private sector sponsors.  It has disbursed $2.3 billion in grants and investments for private sector development projects, funding some 1,800 projects with various partners during the last 20 years.

The Donors Committee is the governing body of the MIF. It is responsible for the final approval of all proposals for technical cooperation grants, loans, and equity investments. It is presided over by the President of the Inter-American Development Bank (IDB), Luis Alberto Moreno.  The IDB is currently coordinating the selection process for the next General Manager.  Deadline for applicants is April 27th.  President Moreno and the US Department of the Treasury will likely have to reach a consensus on the final candidate.  The MIF has had two Managing Directors during its 22 years: Don Terry and Nancy Lee, both Americans.

MIF-"3" is expected to be replenished (re-funded) next year, assuming lead Donors can reach a consensus.  Perhaps new Donors will be allowed to join.  This critical juncture requires a person capable to lead this process from the inside, having experience with US Government, other Donors and regional stakeholders, along with private sector track record.  I bring on these key qualities to the table.  In addition, MIF-3 can become a "disruptive" model for multilateral development that involves direct work at the sub-national level, in partnerships with private sector and in three stages: creating conditions for investment in local infrastructure, then financing the projects, and finally consolidating the adoption of best practices. The basis of this model has already been tested in the field.   Supporting this largely neglected sector will require no sovereign guarantees.  Several other innovations and approaches can be implemented, building on the path already travelled by the MIF 1 & 2.

Your help is very much appreciated and valued.  Thank you.
Best regards, Juan Carlos

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Juan Carlos Iturregui
Senior Advisor

D +1 202 408 6442   |   US Internal 26442
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