Main menu

Brazil Backs U.S. Candidate for Inter-American Development Bank

June 17, 2020

Brazil's right-wing government threw its support on Wednesday behind the nomination of a U.S. candidate for president of the Inter-American Development Bank (IADB), all but ensuring that a Latin American will not head the lender for the first time since its founding in 1959.

The U.S. Department of the Treasury announced on Tuesday that the United States intends to nominate Mauricio Claver-Carone, a Cuban-American lawyer and U.S. government official, to succeed the IADB's current president Luis Alberto Moreno of Colombia on Sept. 30...

For some, Claver-Carone's election is forgone conclusion.

"I don’t think Belize or anyone else really 'caught fire' and garnered the necessary support," said Eric Farnsworth, vice president of the Americas Society, a business forum...

Read the full article.