• The Financial District


US President Donald Trump’s nominee on Saturday won election as president of the Inter-American Development Bank, the region’s main economic development lender, making him the first US citizen to lead the institution in its 61-year history, Andrea Shalal and Cassandra Garrison wrote for Reuters on September 13, 2020. 

Mauricio Claver-Carone, Trump’s senior Latin America adviser, told the bank’s governors before voting began that he would be “a passionate advocate” for the bank, its staff and the region. He will take office on Oct. 1 and has pledged to serve only one five-year term. 

Trump’s decision to nominate a US candidate to head the bank broke a tradition for the president to come from the region and sparked criticism from some Latin American countries, development groups and the European Union (EU.) 

But Claver-Carone won the backing of a majority of countries in the region. Thirty of the bank’s 48 governors voted for Claver-Carone, including 23 from the region, amounting to 66.8% of the vote, a spokesman for the US National Security Council said. Three sources familiar with the vote said 16 countries abstained.

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