On October 15, 2010, Héctor Manuel Camacho Calderon was appointed Chief Financial Officer of NADB, where he also served as Deputy Managing Director and Chief Operations Officer from May 2007 to October 2010. The North American Development Bank is an international financial institution capitalized and governed equally by the United States and Mexico for the purpose of developing infrastructure along the U.S.-Mexico border region.
Prior to joining NADB, he worked for the Mexican development bank, Banco Nacional de Comercio Exterior(Bancomext), as Chief Economist and Executive Director of Risk Management.
Among the highlights of his extensive professional experience in the area of economics and finance, he served as the Head of Advisory Staff to the Under Secretary for International Financial Affairs in the Mexican Ministry of Finance and Public Credit (SHCP), where he was part of the negotiating team for Mexican foreign debt and served as the Mexican Minister to the Organization for Economic Cooperation and Development (OECD) in Paris, France. In this latter position he participated in the development of the first study on the Mexican economy undertaken by the OECD and headed up Mexico’s accession to that organization. In addition, during the past 10 years he has taught several Economics courses at the Universidad Iberoamericana and the Instituto Tecnológico Autónomo de México (ITAM), both in Mexico City, as well as at the University of Illinois. He has also delivered lectures on various economic and financial topics in Mexico and abroad.
He holds a B.A. in Economics from ITAM. His undergraduate thesis, “Financiamiento del déficit público e implicaciones sobre el tipo de cambio y la inflación” (“Public Deficit Financing and its Implications on the Exchange Rate and Inflation”) received honorable mention in the 1984 Banamex National Economics Award. That same year he won a Fulbright Scholarship to pursue his postgraduate studies at the University of Illinois, where he obtained a M.S. in Economics in 1986 and is also a Ph.D. candidate. In 1988 he received the “Hans J. Brems” award for his paper, “The Effects of the Great Depression on the Mexican Economy”, which was published in August of that same year by the Bureau of Economics and Business Research at the University of Illinois.
Hector was born in Mexico City, Mexico, and, in addition to his native Spanish tongue, he also speaks English and French.