The Ministry of Foreign Affairs celebrated the election of US Mauricio Claver-Carone as president of the Inter-American Development Bank (IDB). Carone is the first US national to lead the institution at the age of 61, having been appointed by President Donald Trump and supported by the Brazilian government. Senior adviser of the US president, Claver-Carone will take the position on October 1, and should be in charge for a five-year tenure.
“Supported by the Brazilian government, the election of Mauricio Claver-Carone represents the proposal of a pragmatic, and transparent administration, associated with common values fundamental to the Americas—like democracy, economic freedom, sustainable development, and the rule of law. In this connection, Brazil believes that the IDB will play an even greater role in boosting the necessary resources to support the economic recovery of the region, especially by means of investment from the private sector, and also in infrastructure,” the official note from the Foreign Ministry reads.
The US has the largest weight in the bank decision, with 30 percent of the voting power, followed by Brazil (11.3%), Argentina (11.3%), Mexico (7.2%), Japan (5%), Canada (4%) Venezuela (3.4%), Colombia (3.1%), and Chile (3.1%). The other countries combined total 21.2 percent of votes.
On Saturday (Sep. 12), Mauricio Claver-Carone was elected with 30 favorable votes and 16 abstentions. The US citizen had the supported of 66.8 percent of the voting capital. In South America, in addition to Brazil, Carone’s candidacy was supported by the governments of Paraguay, Peru, Colombia, Bolivia, and others.