In the Argentine case, the Government presented as a candidate the current Secretary of International Economic Relations of the Foreign Ministry, Cecilia Todesca Bocco, the only woman nominated for the position.
“Is it a weight for me to be the candidate of Argentina? No, because I bring in my portfolio all the problems of the country, that is to say that I am very clear about the complexity of development problems“, he claimed Todesca Bocco in statements to the AFP news agency this week.
According to the economist and former Deputy Chief of Staff, productivity gaps, social and territorial exclusion, the impact of climate change and the problem of distributing care tasks they have to be the “transforming axes” of the IDB, at the same time that they must favor private investment so that Latin America can be a productive “link”.
At tomorrow’s meeting, each of the five candidates for the presidency will present and explain their candidacysomething they already did in private interviews last Sunday.
To be elected, the candidate – who will occupy the position for five years with the possibility of being re-elected one time- must obtain an absolute majority of voteswhich vary by country according to the number of shares in the institution; The United States, Argentina and Brazil together hold almost 53% of the voting rights, and then you find Mexico with 7.2%.
The next president of the IDB will replace American Mauricio Claver-Carone, destitute on September 26 by the Board of Governors, after an investigation concluded that he dispensed a favored treatment of a subordinate with whom he had a sentimental relationship.
The others candidates are Gerardo Esquivel (Mexico), deputy governor of the central bank from that country (Banxico); Nicolás Eyzaguirre (Chile), former Minister of Finance in the presidencies of Ricardo Lagos and Michelle Bachelet; Gerard Johnson (Trinidad and Tobago), former official of the IDB itself; and Ilan Goldfajn (Brazil), former president of the Central Bank of Brazil and current director of the Department for Latin America of the International Monetary Fund (IMF)who was appointed by outgoing President Jair Bolsonaro.
United States -that owns 30% of the shares and it is therefore a fundamental actor at the time of the election– decided not to present a candidate since the Joe Biden administration intends to return to the tradition that the headline comes from a Latin American country.
Countries that submitted applications will seek to agree on a consensus candidacy to preside over the body.
“The idea of consensus is that Today we continue to support our candidate, who is the only woman. That is something that I discussed with the Secretary of State of the United States (Antony Blinken) in Bali, and with several on the subject of Cecilia,” the foreign minister said this week. Santiago Cafero.
After the controversial mandate of Claver-Carone, the five candidates agree that the bank should emphasize “transparency” and “dialogue.”
The five also agreed on the importance of focusing resources on combating poverty, inequality and the consequences of climate change, but considering that the region is heterogeneous and the needs of middle-income countries differ greatly from those of others with less access to international financial markets.
In the same way, They will have to lead an institution framed in a world context of rate hikes and economic slowdown, in addition to the impact of the war between Russia and Ukraine.
Source: Ambito
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