Organizational Aspects

The Assembly is made up of all the Associate and Collaborating members of CEMLA and constitutes the supreme body of the institution. It meets in an ordinary manner in accordance with the provisions of the Statutes and, extraordinarily, when it is convened by the Governing Board.

In the exercise of its powers, the Assembly hears and deliberates on the Centre's activity, financial and audit reports; adopts strategic and statutory decisions; determines the contributions of the Associates; appoints the members of the Governing Board and the Director General; and resolves, as the highest authority, the fundamental issues for the fulfillment of CEMLA's mission and institutional objectives.

The Governing Board is the collegiate body responsible for the strategic conduct, operational supervision and monitoring of CEMLA's institutional management. It is composed of the Banco de México, which occupies a permanent seat in its capacity as host country, and other members elected by the Assembly in accordance with the provisions of the Statutes.

In the exercise of its functions, the Governing Board contributes to the achievement of the aims of the Centre; considers and, where appropriate, approves the programmes of activities, the income and expenditure budgets, and the reports on activities and financial results presented by the Directorate-General; monitors the implementation of the programme of activities and the budget with the support of the Audit Committee; executes the agreements and recommendations of the Assembly; and adopts the necessary measures to ensure the proper functioning of CEMLA, reporting its actions to the Assembly itself.

The General Directorate is in charge of the administration, conduction and legal representation of CEMLA. It is responsible for planning, directing and supervising the substantive, strategic and administrative activities of the Centre, ensuring the fulfilment of its institutional mission and the execution of the Strategic Plan 2025-2028 approved by the governing bodies.

In the exercise of its functions, the General Directorate coordinates the provision of services to the Membership, promotes regional and international cooperation, and ensures the technical excellence, financial sustainability and proper institutional functioning of CEMLA. It also submits to the Governing Board the programmes of activities, budgets and results reports, and executes the decisions adopted by the governing bodies, in accordance with the provisions of the Statutes.

The Director General is appointed by the Associates for a renewable period of five years, in accordance with Articles 21 and 22 of the CEMLA Statutes.

The organizational structure of the Centre is divided into the following directorates:

Directorate of Financial Stability: its purpose is to strengthen the technical and institutional capacities of the central banks and supervisory authorities that are members of CEMLA in matters related to financial stability. To this end, it promotes the structured exchange of experiences, good practices, and operational approaches relevant to the design and implementation of financial stability policies in the region.

In the exercise of its functions, the Directorate manages and coordinates capacity building and technical assistance activities aimed at the Membership, including the organization of courses, workshops, seminars, technical meetings and other spaces for training and professional exchange. These activities are aimed at responding in a timely and relevant manner to the needs of the financial stability departments of member central banks.

Likewise, the Directorate offers and leads specialized technical support to the Membership on issues related to financial stability, facilitating regional technical dialogue and contributing to the strengthening of cooperation networks between institutions.

With this, the Directorate promotes the provision of high value-added services, aligned with CEMLA's mission and with its strategic objective of consolidating itself as a regional forum for articulation and strengthening of capacities in central banking, according to the Strategic Plan 2025-2028.

Directorate of Macroeconomic Analysis and Information: its purpose is to strengthen the technical capacities of the CEMLA Membership in macroeconomic matters relevant to the exercise of central banking functions. To this end, it facilitates access, use, and exchange of relevant macroeconomic information and promotes spaces for technical dialogue aimed at addressing the main macroeconomic challenges of the region.

In the exercise of its powers, the Directorate coordinates and manages capacity-building and technical assistance activities for member central banks, through the organisation of courses, workshops, seminars, technical meetings and other professional exchange mechanisms. These activities are aimed at strengthening the operational capacities of the macroeconomic areas of the Membership.

The Directorate also manages the CEMLA Publications Platform, including the Latin American Journal of Central Banking (LAJCB), as an institutional service aimed at facilitating the dissemination of work prepared by researchers from member central banks. Through this platform, the Directorate ensures the editorial operation, technical quality and international projection of the publications, contributing to strengthening the exchange of experiences, the visibility of the knowledge generated by the Membership and the positioning of CEMLA as a regional forum of reference.

With this, the Directorate contributes to the fulfillment of CEMLA's institutional mission and to the objectives of the Strategic Plan 2025–2028, reinforcing its role as a space for regional articulation and the provision of specialized technical services for central banking.

Directorate of Financial Market Infrastructures: its purpose is to coordinate and strengthen CEMLA's initiatives in the field of financial market infrastructures and payment systems, for the benefit of central banks and member authorities. Its work is aimed at promoting regional technical cooperation, the exchange of experiences and the strengthening of institutional capacities in these key areas for the stability and proper functioning of financial systems.

In the exercise of its functions, the Directorate coordinates the organisation of courses, workshops, conferences, technical meetings and specialised forums, as well as the management of thematic working groups that facilitate technical dialogue and the exchange of good practices between member countries. These activities are designed to address the specific operational and regulatory needs of the Membership, and to support the development and modernization of financial market infrastructures in the region.

Likewise, the Directorate offers specialized technical support and represents CEMLA before national and international institutions on issues related to financial market infrastructures and payment systems, contributing to regional articulation and the positioning of the Center as a reference forum. Through the identification of needs, the design of content and the evaluation of the activities carried out, the Directorate promotes the provision of high value-added services, aligned with CEMLA's institutional mission and with the objectives of the 2025–2028 Strategic Plan.

Directorate of Economic Statistics: its purpose is to strengthen the technical capacities of CEMLA member central banks in the preparation, compilation and use of economic statistics, in accordance with international standards and recognized good practices. Its work is aimed at supporting the Membership in the development and updating of statistical methodologies and practices that solidly support the exercise of central banking functions.

In the exercise of its functions, the Directorate designs and coordinates programs of activities aimed at capacity building, including the organization of courses, seminars, workshops and other technical events in areas such as monetary and financial statistics, the external sector, national accounts and other related areas. These activities respond to the priorities identified by the Membership and seek to ensure high levels of quality, consistency and comparability of statistical information in the region.

The Directorate also coordinates the processing, systematization and dissemination of statistical information related to remittances and migration, recognizing the importance of these flows for a significant number of economies in Latin America and the Caribbean. Through the generation of statistical inputs, technical notes, and specialized presentations, as well as the organization of spaces for technical exchange, including the Latin American and Caribbean Remittances Forum, the Directorate contributes to strengthening the appropriate use of information and the exchange of experiences among member central banks.

With this, the Directorate of Economic Statistics provides specialized technical services to the Membership and contributes to the fulfillment of CEMLA's institutional mission and the objectives of the Strategic Plan 2025–2028, consolidating the Center as a regional forum of reference in statistical matters for central banking.

Directorate of Corporate Services: its purpose is to direct and supervise CEMLA's administrative, financial, technological and logistical services, ensuring an efficient, transparent operation aligned with institutional priorities. Their work is essential to ensure the operational sustainability of the Centre and the proper functioning of the substantive Directorates and governing bodies.

In the exercise of its functions, the Directorate coordinates the management of CEMLA's financial, budgetary, accounting, human, material, technological and library resources, as well as the preparation of administrative and financial reports that are submitted to the General Directorate and to the governing bodies. It also supervises the correct application of policies, procedures and internal controls, contributing to a responsible and orderly management of institutional resources.

The Directorate also coordinates the logistical and operational organization of institutional events and complementary programs of interest to the Membership on cross-cutting and non-core issues of the central bank, such as human resources, legal aspects, administration and treasury. Additionally, it manages the resources and services necessary for CEMLA's external communication, supporting institutional dissemination and interaction with external audiences.

This Directorate also contributes to institutional coordination with external agencies and counterparts, in support of the Directorate-General and in alignment with the strategic objectives of the Centre.

With this, the Directorate of Corporate Services strengthens CEMLA's operational efficiency, transparency, and institutional sustainability, in line with its mission and the objectives of the 2025–2028 Strategic Plan.

 

Organization Chart

CEMLA's organizational architecture adheres to the process-based work modality, replacing the function-based work modality, thus constituting an alternative to the traditional hierarchical-functional organizational structure.

The main objective of this organizational architecture by processes is to increase the Center's capacity to generate, with efficacy, efficiency and effectiveness, products and services that competitively satisfy the needs and expectations of its membership.

 

Approved by the Board of Governors at its meeting of August 29, 2025.