Brazil backs US candidate for IADB presidency
Brazil’s right-wing government has welcomed the nomination of a US candidate for president of the Inter-American Development Bank - a position which has always been held by a Latin American since its founding in 1959.
The US Department of the Treasury announced on Tuesday that it intends to nominate Mauricio Claver-Carone, a Cuban-American lawyer and US government official, to succeed the IADB’s current president Luis Alberto Moreno of Colombia on 30 September.
Brazilian support for the Trump Administration’s nominee all but ensures that Argentina’s candidate, Gustavo Beliz, who had the backing of Mexico’s leftist government, will be knocked out of the running. The United States is the largest shareholder with 30% of the voting rights, and Brazil has another 11.3% voting power.
The Brazilian statement said the country and the United States share the same values of defense of democracy, economic freedom and the rule of law, and Brazil backs a “new management” for the bank that follows those values.
