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The IDB dismissed its president, Mauricio Claver-Carone

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The Assembly of Governors of Inter-American Development Bank (IDB) dismissed its president, Mauricio Claver-Carone, on Monday, the bank reported after an investigation concluded that he had an intimate relationship with a subordinate, which violates the rules of the institution.

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Claver-Carone “will cease to function as president of the bank, effective September 26, 2022,” adds the IDB in a statement. He will be replaced by the executive vice president, the Honduran Queen Irene Mejía Chacón, until a new president is elected.

Claver-Carone was promoted to office by the former US president donald trump in 2020, thus breaking with the tradition that the position of this financial institution fell to a Latin American.

The highest authority of IDBmade up of finance ministers from its 48 member countries, decided to dismiss him in an electronic vote that began last Friday.

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In recent days, the tension in the largest development bank in Latin America reached a fever pitch after it was revealed that the executive board had voted unanimously to recommend removing Claver-Carone.

The investigation, carried out by the Davis Polk law firm, established that Claver-Carone violated the institution’s code of ethics by having a romantic relationship with a bank employee, to whom he would have given preferential treatment.

The US official, the son of a Spaniard and a Cuban, has a track record in the White Housethe International Monetary Fund and the Treasury, and is known for his criticism of Cuba and Venezuela. He has always denied the accusations against him and has pointed out that the investigation is “arbitrary” and the result of a political ruse to remove him from his duties.

With information from AFP

Source: Larepublica

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