The Assembly, comprised of all members, regularly holds two annual meetings or whenever necessary.
The Board of Governors composed by Bank of Mexico, with a permanent seat as the host country, and four other members elected by the Assembly on a rotating basis for four-year terms.
The Directorate General is in charge of the administration of the Center. He will be appointed for a renewable period of five years by the Associates of the institution. This is in accordance with articles 21 and 22 of the CEMLA Statutes.
The organizational structure of the Centre is divided into managements and coordinations.
Currently, these are:
Directorate of Economic Research: Aims to maintain, increase and facilitate the Center's capacity to understand, create and disseminate knowledge and analysis of the current situation in substantive issues for central banking in Latin America and the Caribbean. The Directorate is expected to actively contribute to CEMLA's recognition as a center of excellence in the generation and implementation of initiatives in the fields of knowledge and practice of monetary and financial issues, and to position itself as a consulting and reference body of first instance among its members.
Directorate of Financial Stability: Promotes an effective exchange of experiences and knowledge between Associate Members and Collaborators on issues associated with the design and implementation of financial stability policies. Its particular objectives are: 1) To develop a relevant applied research agenda for the Membership on issues related to financial stability, including: macro-prudential policies and stress tests, network analysis, climate change and its relationship with the financial system, and others. that they become of special importance to the Membership; 2) Articulate the regional and international activities necessary to fulfill the previous objective, including technical meetings, seminars, academic conferences, workshops and courses; and 3) Facilitate dialogue and cooperation between the Associate and Collaborating Members of the Center for the exchange of experiences and knowledge, through a technical assistance scheme, joint research projects and other vehicles that allow the achievement of this regional cooperation.
Directorate of Market Infrastructure and Editorial Office Latin American Journal of Central Banking: Its main objectives are: 1) To develop a relevant applied research agenda for the Membership on issues related to market infrastructures and payment systems, including: design of payment systems and other financial market infrastructures, their operation, regulation and vigilance, and others that become of special importance to the Membership; 2) Articulate the regional and international activities necessary to fulfill the previous objective, including technical meetings, seminars, academic conferences, workshops and courses; and 3) Facilitate dialogue and cooperation between Associate and Collaborating Members of the Center for the exchange of experiences and knowledge, through a technical assistance scheme, joint research projects and other vehicles that allow the achievement of this regional cooperation.
Manage the Editorial Office of the Latin American Journal of Central Banking, ensuring the adequate performance and development of the journal and permanently supporting the Editor in Chief and the body of co-editors to maintain the quality of the publications.
Directorate of Economic Statistics: Coordinates and participate in activities aimed at ensuring that the Membership has high levels of quality in the methodological and practical aspects of the measurement and analysis of economic statistics, consistent with internationally accepted standards. Mantains updated and aligned to the interests of the Membership the subject matter contained in the macro processes and processes included in its functions. Contribute to the comprehensive analysis of the impact of remittances, particularly on the economic development of countries and their financial sector. This recognizes the importance of remittances for Latin America and the Caribbean, and is carried out in the context of the Latin American and Caribbean Remittances Forum, whose activities are part of the functions of this Directorate.
Directorate of Corporate Services: Coordinates the administration of CEMLA's financial, material, human, technological and library resources. Manage CEMLA's external communication resources.
Coordination of Remittance and Financial Inclusion Program: It ensure the proper functioning of the mechanisms for the administration and execution of the Program, overseeing compliance with the provisions of the Operating Regulations and other provisions related to the granting of technical cooperation, as well as the adoption and application of the methodologies designed in the project.
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 May 20, 2021.