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November 20, 2022
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Nominated by Brazil, Ilan Goldfajn is elected president of the IDB

Nominated by Brazil, Ilan Goldfajn is elected president of the IDB

Appointed by the Brazilian government, Ilan Goldfajn was elected today (20) president of the Inter-American Development Bank (IDB). The information was confirmed by the Ministry of Foreign Affairs. Goldfajn will replace the American Mauricio Claver-Carone.Nominated by Brazil, Ilan Goldfajn is elected president of the IDB

The president of the IDB, which has 48 member countries, is elected for a five-year term. In addition to Brazil, four other countries – Argentina, Trinidad and Tobago, Mexico and Chile – had nominated candidates for the presidency of the bank.

Former director of the Western Hemisphere Department of the International Monetary Fund (IMF), Ilan Goldfajn headed the Central Bank of Brazil between 2016 and 2019. Between 2000 and 2003, he was Director of Economic Policy at the same institution.

The election at the IDB takes place after the departure of the North American Mauricio Clavier-Carone. Appointed to chair the institution by former President Donald Trump. He was dismissed in an assembly on September 26, accused of having intimate relations with an employee and retaliating against employees who denounced the relationship. The bank is under the temporary command of Honduran Reina Irene Mejía, vice-president of the organization.

*With information from Reuters

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