The fourteen governors on the board of the multilateral Inter-American Development Bank (IDB) have voted unanimously to recommend firing President Mauricio Claver-Carone, Latin American sources revealed on Thursday.
Only last Monday Mauricio Claver-Carone, president of the Inter American Development Bank, IDB, published a letter in the Wall Street Journal blasting Argentina's tumultuous financial record, adding that IDB ”cannot rubber-stamp loan requests, without prudently ensuring it has a development impact.”
The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.
The Inter-American Development Bank (IDB) will hold its 2022 annual meeting of governors between March 17 and 20, 2022 at the most exclusive Uruguayan beach resort of Punta del Este, it was announced this week in Washington DC.
“Uruguay could be a Silicon Valley of the south”, said Inter-American Development Bank (IDB) President Mauricio Claver-Carone Wednesday after meeting in Montevideo with President Luis Lacalle Pou.
Mexico and Argentina have delayed a key meeting of the Inter-American Development Bank until after the Nov. 3 U.S. election, delivering an early setback to plans by the bank’s new U.S. chief to install vice presidents from smaller countries.
Mauricio Claver-Carone, the White House official elected to lead Latin America’s regional development bank, said he aims to play a constructive role in Argentina’s negotiations with the International Monetary Fund.
U.S. President Donald Trump’s pick to run Latin America’s main financing institution appears poised to win the top job in this weekend’s election amid faltering regional opposition to having a U.S. citizen run the bank for the first time in 61 years.
The United States and Colombia will work together to bring new investment to rural areas of the country, officials said on Monday, as Colombia's president reiterated support for the U.S. candidate to lead the Inter-American Development Bank.
By Christopher Sabatini (*) The Trump administration’s intemperate, partisan crusade against international institutions has extended to the Western Hemisphere’s most important multilateral bank.