New IDB President Ilan Goldfajn Will Face Serious Challenges

By Rich Brown, Cecilia Tornaghi

Goldfajn’s solid reputation will be tested by global uncertainty and the need for internal reform.

Ilan Goldfajn, elected president of the Inter-American Development Bank (IDB) last Sunday, has a low public profile but a reputation for competence. He has held positions in the public and private sectors, led Brazil’s Central Bank, and was director of the International Monetary Fund’s Western Hemisphere Department. Now, his reputation will be put to the test as the IDB navigates formidable internal and external challenges. Many of his peers say he has what it takes. “He is a rare almost-unanimity in the profession,” said Adriana Dupita, an economist at Bloomberg Intelligence....

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