The report also cited examples of abuse of power by Claver-Carone, including the dismissal of some employeess from the bank that investigators believe was in retaliation for various personal conflicts, said the sources, who spoke on condition of anonymity because the process is still ongoing.
It’s a statement, Claver-Carone, who has not seen the written report but has been questioned by investigators, said that the investigation did not “corroborate the false and anonymous accusations” made by the complainant.
“I would like the opportunity to officially respond to the investigation findings in accordance with Bank rules and international standards,” he said.
The investigation
The results of the investigation, which lasted for months, were presented by the law firm Davis Polk to the directors of the bank on Monday. The IDB asked the company to investigate complaints made against Claver-Carone in an email sent at the end of March.
Claver-Carone had an intimate relationship with a senior person who previously worked with him in the White House under President Donald Trump, the investigation concluded, according to the two sources with knowledge of the findings. Reuters has not seen a copy of the report.
A relationship between Claver-Carone and someone she directly supervised violates the IDB’s code of ethics.
The executive, in written testimony presented to investigators, denied “all allegations suggesting any violation of the code of ethics” and said he had not received any written notification on the matter.
The IDB is a development bank that, although much smaller than the International Monetary Fund or the World Bank, is a key actor for financing in Latin America.
IDB President Maurice Claver Carone
Press Presidency of the Nation
How the case continues
The bank’s 14-member board of directors, based in Washington, reviewed the report Monday and met again Tuesday to consider next steps.sources said.
The United States, the country that contributes the most funds to the bank, was aware of the report and is “closely examining it,” a Treasury Department spokesman said.
The board has offered to share the investigation findings with Claver-Carone before they were released Monday, but only under certain conditions, including that no retaliation be taken against the investigation participants. Claver-Carone refused, a source said.
A letter to the law firm advising Claver-Carone, seen by Reuters, said the executive had been repeatedly denied the opportunity to hear the allegations against him and speak in his own defense.
Source: Ambito
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