Brazil gov’t supports the candidate elected IDB president

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 Brazil, Mauricio Claver-Carone’s election represents a platform for pragmatic, transparent and efficient management, consistent with shared fundamental values across the Hemisphere, such as democracy, economic freedom, sustainable development and the rule of law. In that sense, Brazil believes that the IDB will have a greater role in leveraging the necessary resources to support the economic recovery of the region, especially through private sector and infrastructure investments,” the official note from the Foreign Ministry reads.

Election

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.