The election will take place in a hybrid meeting of the Board of Governors November 20th.
To be chosen, the candidate must obtain a majority depending on the voting rights of countries members, who vary according to the number of shares in the institution.
The The bank’s three main shareholders are the United States, Argentina and Brazil, which together own almost 53% of voting rights.
Also the winning candidate must have the support from at least 15 of the 28 American countries (26 from Latin America and the Caribbean along with Canada and the United States).
The candidates
One of the most popular candidates is the Brazilian economist Ilan Goldfajnformer president of the Central Bank of Brazil and Director of the International Monetary Fund (IMF) for the Americas. It was proposed by the outgoing government of the ultra-right Jair Bolsonarobut his candidacy generates discrepancies in the transition team of the president-elect, the leftist Luiz Inacio Lula da Silvawho has not ruled on the matter.
Argentinathat never presided over the institution since its creation in 1959, bets by the economist Cecilia Todesca Boccocurrent Secretary of International Economic Relations of the Chancellery Argentina. The only female candidate He has held other public positions and has experience abroad, where he worked for Argentina at the IMF and for the risk rating agency Standard & Poor’s.
Mexico Presents Doctor of Economics from Harvard University Gerard Esquivelcurrently member of the governing board of the central bank (Banxico)where he pleads for a less restrictive monetary policy.
Chili opted for Nicolas Eyzaguirrewho was Minister of Finance in the government of the socialist presidents Ricardo Lagos and Michelle Bachelet. The Chilean government claims to have chosen him because he meets several requirements: a technical profile, experience in international organizations and expertise in public policies.
Trinidad and Tobago has presented for his part gerard johnsona former IDB official.
Presidencies
Since its foundationthe presidency of the IDB was in charge of Philip Herrerafrom Chile (1960-1970), Antonio Ortiz Mena, from Mexico (1970-1988), Enrique V. Iglesiasfrom Uruguay (1988-2005), Luis Alberto Morenofrom Colombia (2005-2020) and Mauricio Claver-Caronefrom the United States (2020-2022).
The latter was dismissed from his duties after an investigation concluded that had an intimate relationship with a subalternto whom he would have given a favorable treatment.
The president is elected for a five-year term.with the possibility of being re-elected only once.
Source: Ambito
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