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The Government confirmed the candidacy of Cecilia Todesca for the IDB

The Government confirmed the candidacy of Cecilia Todesca for the IDB

President Jair Bolsonaro anticipated and presented his candidate, Ilan Goldfajn, who was not vetoed by the recently elected Luiz Inació Lula da Silva and will compete for his place.

Likewise, Mexico presented its name without dialogue with Argentina, and chose to drop the candidate Alicia Barcena to go after the deputy governor of the Central Bank. Gerard Esquivel.

Who is Cecilia Todesca Bocco?

Todesca, 51 years old and current Secretary of International Economic Relations, is Argentina’s candidate for the presidency of the largest lender in the region, after the dismissal of Mauricio Claver-Carone after an investigation into an intimate relationship with a subordinate.

The decision to make the announcement was made in Paris, where the official is part of the entourage that accompanies President Alberto Fernández on an official tour of France to seek investment and export opportunities.

Todesca, an economist from the University of Buenos Aires and a Master in Public Administration from Columbia University in New York, who held the Argentine chair before the International Monetary Fund (IMF) during the presidency of former President Néstor Kirchner, will compete with the Mexican Gerardo Esquivel and with the Brazilian candidate Ilan Goldfajn.

What is the IDB

The IDB “It is the main source of financing and multilateral expertise for the sustainable economic, social and institutional development of Latin America and the Caribbean,” according to the organization on its website. The entity was created in 1959 as an association between 19 Latin American countries and the United States.

The President of the IDB is elected by the Board of Governors to serve for a period of five years, according to the bank’s website.

To be elected president of the IDB, the candidate must have the support of a number of member countries of the bank that give him an absolute majority of the voting power, as well as an absolute majority of the number of member countries of the Americas.

The Bank has 26 borrowing member countries in Latin America and the Caribbean, in addition to Canada and the United States.

Source: Ambito

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