The highest-ranking body of Latin America’s largest development bank began voting late on Thursday and reached a quorum and the required majority of votes shortly after noon on Monday, Reuters reported, adding that nominations are expected to replace Claver-Carone start next week.
Official sources pointed out that Claver-Carone’s departure does not represent any danger for the different lines of credit that the IDB announced in recent weeks in favor of the country.
As it turned out, Argentina voted in favor of the departure of Claver-Carone, with whom the government of Alberto Fernández had a conflictive relationship.
The now ex-president of the IDB had been very critical of the economic policy that was being implemented in Argentina before the assumption of Sergio Massa as Minister of Economy. In fact, he had stopped a series of credit lines that should have reached the country during the first half of the year.
His position turned 180° when two weeks ago he was visited by Massa himself. After that meeting, he highlighted the new economic orientation that Argentina was facing after the change in the leadership of the Palacio de Hacienda.
That same day, the approval of a loan for US$1.2 billion was announced to strengthen the reserves of the Central Bank, and in the following weeks funds were released for infrastructure works for US$1.0 billion.
After Claver-Carone’s departure, the process of designating his successor begins and for that the 48 member countries of the IDB must submit their applicants in the course of the next 45 days.
Claver-Carone is an American of Cuban origin and became president of the IDB with the support of Donald Trump. The dismissed official denied the accusations of maintaining an intimate relationship with his chief of staff and maintained that there is no evidence of that relationship.
In this framework, the Argentine government is already analyzing profiles to propose the replacement of Mauricio Claver Carone and is looking for a woman to fill the position.
as far as he could tell Financial sphere, Cecilia Todesca, Secretary of International Economic Relations, asks for a clue to be proposed as a replacement for the now former head of the Inter-American Development Bank.
Meanwhile, the government is going to wait for Sunday’s election in Brazil to eventually count on Lula’s support before raising a female candidate to lead the bank.
Source: Ambito
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