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Brazil supports impeachment of IDB president for investigation; Claver-Carone defends himself before the board

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The President’s Administration Jair Bolsonaro considers that Mauricio Claver-Carone cannot continue to run the Washington-based bank after an internal investigation uncovered an alleged affair with a subordinate in apparent violation of bank rules, said the official, who asked not to be named. identified because the Government’s position is not public.

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The Brazilian government, which has an 11.4% stake in the bank and, together with the United States and Argentina, has almost 53% of its voting power, hopes that the case will be resolved soon, since Claver-Carone is losing domestic support, according to the source.

The Ministry of Economy of Brazilwhich oversees the relationship with the IDB, declined to comment, as did the IDB press office.

The appointment of Claver-Caronea former Trump Administration official, to lead the development bank traditionally focused on Latin America, opened a gap between the United States and the region in 2020. He was the first US citizen to lead an institution traditionally chaired by a Latin American since its creation in 1959.

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Although Brazil supported his candidacy at the time as part of an agreement between Bolsonaro Y Trumpthe relationship between Claver-Carone and Economy Minister Paulo Guedes has been difficult, with clashes over Brazilian representatives at the bank, the person said.

It is expected that Claver-Carone address the bank’s board on Thursday to respond to the accusations in a session with the bank’s chief executives, Bloomberg News previously reported.

In a statement posted Tuesday on the website of the IDBClaver-Carone said he fully cooperated with the investigation, stating that “does not substantiate false and anonymous accusations made against me or IDB staff in the press”.

Claver-Carone In April, he described the accusations against him as a political campaign in the media to undermine the work of his team.

The former Trump Administration official is expected to address the bank’s board on Thursday as part of his defense in this investigation. Mauricio Claver-Carone was expected to respond to the allegations in a session with the bank’s chief executives, according to people who asked not to be identified commenting on the closed-door meeting. An IDB press officer declined to immediately comment on the plan.

Source: Gestion

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