Organizational Aspects

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 Director-General is elected by the Assembly for five-year terms and is the administrative and technical head of the Center. The Board of Governors designates the Deputy Director-General for five-year terms. Both are assisted by a small number of permanent technical staff. 

The Audit is conducted by a consulting firm.

The organizational structure of the Centre is divided into managements and coordinations.

Currently, these are:

Training Division performs the technical and administrative tasks implied in the organization of the training programs held at CEMLA´s headquarters or outside Mexico. It also carries out the necessary arrangements to satisfy applications concerning residence in CEMLA and exchange of officials presented by its Associate and Collaborating Institutions. 

Technical Meetings Division: In addition to organizing regular meetings of the various technical areas of the associated central banks, acts as technical secretariat of the meetings of the committees established central banking.

Economic Research Division: It is responsible for the work of analysis and research in economic and financial areas are performed at the Centre.

Infrastructure and Financial Markets Division: Administrative unit that is permanently responsible for the technical secretariat of the Working Group on Payment System Issues of Latin America and the Caribbean, which is the only technical forum of its kind in the region for the generation and discussion of knowledge, recommendations and best practices among design, regulation and operation of payment systems and other financial infrastructure in the central banks of the region.

Economic Statistics Division: It is responsible for the courses and seminars on issues of economic statistics, including the issue of remittances.

Information Services Division: This includes three activities directly related to the products and information services provided to members of CEMLA: publications, library and electronic media (websites, e-mail and social networks).

Administration and Finance Division: Performs administrative tasks, including relevant aspects of the management of the Retirement Plan and the relationship with the auditors.

IT Systems Division: Performs the work associated technical support and IT development of the Center.

The Technical Assistance Programs are aimed at supplying analysis and integrated technical support in given areas. These programs are generally financed in part with extra-budgetary resources, and are ministered in cooperation with specialized organizations and experts. 

  • Remittances and Financial Inclusion Program: With financial support of the IBD/MIF will allow the Latin American and Caribbean region to make progress in improving the market conditions for developing financial products and services adapted to remittance users and that promote their financial inclusion.