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Viewing cable 06SANSALVADOR1085, SALVADORAN APPOINTED WORLD BANK MANAGING DIRECTOR
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Reference ID | Created | Released | Classification | Origin |
---|---|---|---|---|
06SANSALVADOR1085 | 2006-04-25 21:23 | 2011-08-30 01:44 | UNCLASSIFIED//FOR OFFICIAL USE ONLY | Embassy San Salvador |
VZCZCXYZ0010
RR RUEHWEB
DE RUEHSN #1085 1152123
ZNR UUUUU ZZH
R 252123Z APR 06
FM AMEMBASSY SAN SALVADOR
TO RUEHC/SECSTATE WASHDC 2111
INFO RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE
RUCPDOC/USDOC WASHDC
RUEATRS/DEPT OF TREASURY WASH DC
UNCLAS SAN SALVADOR 001085
SIPDIS
SENSITIVE
SIPDIS
STATE PASS USAID
E.O. 12958: N/A
TAGS: IBRD PINR ECON EAID EFIN ES
SUBJECT: SALVADORAN APPOINTED WORLD BANK MANAGING DIRECTOR
Summary
-------
¶1. On April 21, 2006, World Bank President Paul Wolfowitz
named Salvadoran Juan Jose Daboub as a Managing Director of
the World Bank. Daboub was one of ex-President Flores' most
trusted advisors, and he served as Chief of Staff and
Minister of Finance during Flores' term from 1999-2004. He
is known as a loyal defender of the Washington Consensus,
and in El Salvador he promoted privatization, free markets,
and dollarization. Daboub studied industrial engineering at
North Carolina State and has extensive private sector
experience. End Summary.
U.S. Educated Engineer
----------------------
¶2. Daboub is a graduate of the high school Liceo
Salvadoreno in San Salvador. In 1985 he received a Bachelor
of Science in Industrial Engineering, in 1987 a Master of
Science in Industrial Engineering, and in 1989 a Doctorate
in Industrial Engineering--all from NC State. While at NC
State, he was a Research Engineer from 1984 to 1989 and a
Teaching Assistant from 1985 to 1989.
Manufacturing and Privatization Guru
------------------------------------
¶3. After completing his studies, Daboub returned to El
Salvador and became Vice-President of INCOMES/CISMAN
(International Consultants in Manufacturing and Engineering
Systems), a position he held from 1989 to 1995. Daboub and
his family founded several businesses over the past several
decades, including Productos Dioro (a bakery), Emplaza
(plastic packaging), Distribuidora Santa Elena (food
distributor) and DABCO (retail candy stores); he has held
numerous management positions at those firms. As a
consultant on manufacturing practices and processes, he has
provided advisory services to numerous U.S. and Salvadoran
companies.
¶4. From 1992 to 1996 Daboub simultaneously served on the
boards of directors of several state-owned electricity
generation and distribution companies, and he used those
positions to push forward privatization of the electricity
sector in El Salvador. Privatization of the electricity
sector earned the government $1.12 billion in proceeds from
asset sales, and electricity prices are now among the lowest
in the region. Daboub was also a proponent of
telecommunications privatizations, serving as President of
the state-owned ANTEL from 1996 to 1998 and President of
INTEL, an ANTEL spin-off, in 1998. He also was President of
telecommunications firm Estrategas from 1998 to 1999. As a
consultant, he provided advisory services to CTE-France
Telecom in El Salvador during its takeover of state-owned
ANTEL.
Super Minister Daboub
----------------------
¶5. From 1999 to 2004, Daboub was one of President Flores'
most trusted advisors, and was popularly called the "Super
Minister" due to his extensive influence, particularly on
government modernization, economic policy and the budgeting.
Flores named Daboub Chief of Staff when he took office, but
in May 2001 he became Finance Minister--while retaining his
former duties as Chief of Staff. He is known as a loyal
defender of the Washington Consensus, and in El Salvador he
promoted privatization, free markets, and dollarization.
When Flores finished his term, Daboub became Executive
Director of the America Libre Institute (ILA) in Washington,
an effort headed by ex-President Flores.
Personal
--------
¶6. (SBU) Daboub was born in San Salvador on July 4, 1963.
He is married to MIT-educated Glorybel Silhy de Daboub.
They have two children, a boy Juan Jose and one girl Sofia
Maria, and are expecting a third. Embassy officers
characterize Daboub as friendly and approachable, but
serious about his work. He is known as a careful decision-
maker who takes into account the political context in which
he operates.
Please visit San Salvador's Classified Website at
http://www.state.sgov/p/wha/sansalvador/index .cfm.
Barclay