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March 9, 2022
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Carrasquilla will continue on the Board of the Banco de la República

Carrasquilla will continue on the Board of the Banco de la República

Through two lawsuits, one for alleged violation of the “quota law” and the other for violating the system of checks and balances, the nullity of the election of the former Minister of Finance, Alberto Carrasquillaas a member of the board of directors of Banco de la República.

(They present a lawsuit against the appointment of Carrasquilla in Banrep).

However, the Council of State denied these two requests, which is why, for now, Carrasquilla will continue in office, while the high court will proceed to study the case in depth, for which it will request evidence and listen to the parties.

DEMANDS

For the plaintiffs, given that the former minister replaced Carolina Soto in office, the President of the Republic violated the call ‘quota law’, which requires that 30 percent of positions in state entities be held by women. So, they say, her replacement must have been a woman.

(Issuer formalizes appointment of Carrasquilla as new co-director).

For its part, another of the plaintiffs also considers that the appointment violates the system of checks and balancesbecause for him, the Constitution only allows the president to appoint two of the full-time members of the board.

For the Council of State, the Constitution empowers the president to appoint the members of the board and that it does not establish a different way of choosing them by absolute default as in this case.

Alberto Carrasquilla: division of opinions due to his arrival at the issuer).

For this reason, said the high court, it should be interpreted that the appointment by the president, at this stage of the process, does not evidence the disregard of any rule.

BRIEFCASE

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