Carone had been the representative of the United States before the board of the Monetary Fund when the events occurred. The president of the IDB, on this occasion, blocks the accreditation of foreign currency, arguing that he is being investigated for a series of complaints against him: one for embezzlement and another for “lack of ethics”, according to the codes of the institution.
In an opinion column he referred again to Argentina and maintained: “As much as the IDB wants to approve new funds for Argentina, it cannot approve requests to do so without prudently ensuring that it has a development impact.”
“The IDB is looking forward to Argentina fulfilling its commitments to the IMF to improve macroeconomic conditions. The commitments, much more modest than those required of other countries, are key to promoting sustainable growth and ensuring that the IDB can offer Argentina new financing”, he warned.
“Argentina’s success is the IDB’s success, but Argentina’s tumultuous financial history uniquely affects the bank’s costs. The IDB must protect its ability to reliably help all of its 26 borrowers, including small countries with few resources,” he added.
Own Alberto Fernandez At the last Summit of the Americas in Los Angeles, he had asked for Claver Carone to be removed, stating that “the Regional Development Bank, without further delay, has to return to Latin America and the Caribbean in its governance. The IDB requires a capitalization process to have more and better means of financing.”
However, the request has not had an echo until now, and the American remains in his position; before the technical protection that his arrival to the place is the result of the vote of the members and that there is nowhere in the statute of the entity a legal impediment for a citizen of that country to be elected. Given this reality, the claim of the Argentine head of state was not taken into account.
Source: Ambito
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