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Jose Fourquet

Jose Fourquet ’96: International development banking

Jose Fourquet is the 12th — and youngest — U.S. executive director of the Inter-American Development Bank (IDB). The IDB is a multinational bank owned by 46 governments. Twenty-six countries in Latin American borrow from the bank, and 20 developed countries that have an interest in the region invest money so they can become a member of the IDB. According to Fourquet, “The people that represent each member of the bank are the executive directors. The bank is capitalized by a hundred or so billion dollars that was pooled together from these 46 governments with the sole mission of eradicating poverty in the Americas.”

Fourquet was the first person to serve as both the U.S. executive director of the IDB and a member of the board of directors of the Inter-American Foundation (IAF). The IAF, explains Fourquet, is an independent U.S. government agency that “provides grants to Latin American local governments and grassroots organizations. The money is appropriated by Congress and dispersed through the IAF.” Since its creation in 1969, the IAF has provided approximately $500 million in grants.

Before joining the IDB, Fourquet was a vice president at Goldman Sachs. For four years, he worked as an emerging debt markets salesperson in the fixed-income, currency and commodities division. In his last year at the firm, he worked in the office of career development, where he helped manage diversity recruiting, mentoring programs and career development initiatives. Prior to working at Goldman Sachs, Fourquet was an operations officer for six years with the CIA. He worked in Latin America and the Caribbean, where he collected, evaluated and reported high-priority intelligence of interest to U.S. policymakers.

When asked about what he felt he had gained from Columbia Business School, Fourquet replies “I reinvented myself. I was a liberal arts government employee who came out of Columbia a hard-finance investment banker.”

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2014 Social Enterprise Conference

Millennials Rising: What's Next for Sustainability?

When: October 31, 2014,
8:30 am-6:00pm

Location:
The Marriott Marquis
1535 Broadway, New York, NY 10036
Between 45th and 46th Streets
New York, NY 10036

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The annual Social Enterprise Conference at Columbia Business School brings together thought leaders from across private, nonprofit, public, and academic sectors to share best practices, debate critical issues, and collaborate on innovative concepts to inspire change. Through interactive sessions, keynote speakers, workshops, a pitch competition, and networking opportunities, the conference presents guests with the opportunity to partake in the most important business and societal conversation of this new era. For updates on speakers and sessions, please visit the conference website.

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Microfinance models help women of Burkina Faso

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