the Government Development Bank for Puerto Rico as its President until 1976 to oversee the Bank's business during one of the most difficult financial crisis in the municipal bond market in the United States. From 1990 to 1992 he was appointed Administrator of the Economic Development Administration, the agency charged with implementing economic development policies on the island. In 2005 he went back to the Government Development Bank as its Chairman and later became its President until 2007. As Head of the bank, Mr. Salazar was responsible for financing major infrastructure projects of the Central Government and its public corporations. Some of these projects include the Coliseum, the Convention Center, several hotels such as Bahia Beach, the Sheraton, and the Condado Trio. In 2008 Mr. Salazar became the candidate of the Popular Democratic Party for the elected position of Resident Commissioner in the United States Congress. After his Party lost the elections, Mr. Salazar returned to the private sector and joined Fundación Carvajal as its Executive Director until 2015. He has been advisor to the Chairman of the Finance Committee in the House of Representatives and to the Speaker of the House. As one of Puerto Rico's "senior statesmen", Mr. Salazar joined 8 other GDB presidents in supporting HR 870, filed by Resident Commissioner Pedro Pierluisi, to extend Chapter 9 Federal Bankruptcy Code jurisdiction to Puerto Rico's so-called "Public Corporations". Education Mr. Salazar has a bachelor's degree in economics from Villanova University. He also did post-graduate course work in Finance at the Stern Graduate School of Business at New York University and the Advanced Management Program at the Harvard Business School in Cambridge, Massachusetts. Recognition Among his major accomplishments was the creation of a new GDB subsidiary, COFINA, in October 2007, to place sales tax revenue bonds in the municipal bond market in the United States and refinance about half of Puerto Rico's accumulated extraconstitutional debt. On July 23, 2007 Gov. Acevedo Vilá made it official when he announced that Salazar had agreed to be his running-mate in the 2008 elections. Mr. Salazar is presently the President of the Rafael Hernandez Colon Gubernatorial Library in Ponce, Puerto Rico. Given his extensive background in public policy, Mr. Salazar consults regularly with clients over the phone and in person. References Sources (Spanish) Presidents of the Puerto Rico Government Development Bank Villanova University alumni New York University Stern School of Business alumni Harvard