August 08, 20 - 3:07 pm - Reuters

Mexico and Chile call for delaying the election of IDB president

Support grew in Latin America for a move to delay the election of a new president for the region’s leading development finance lender. Regional countries say the issue requires more dialog, which is constrained amid the global pandemic. The move would be a potential setback for U.S. President Donald Trump‘s divisive pick to lead the institution.

The U.S. candidate, Cuban-American Mauricio Claver-Carone, a Trump adviser known for his hard-line stance on Venezuela and Cuba, is the current favorite to win the top spot at the Inter-American Development Bank (IDB), which is set to hold a vote on the matter in October.

Claver-Carone would become the first person from outside Latin America to lead the Washington-based bank, a smaller cousin of the International Monetary Fund (IMF) that has been led by Latin Americans since its founding in 1959.

The U.S.-backed candidate, Mauricio Claver-Carone, is known for his hard-line stance on Venezuela and Cuba. REUTERS/Video

Mexico’s and Costa Rica’s finance ministries said on Friday that the vote should be postponed “until the conditions were right,” echoing a similar call on Thursday from Chile.

Argentina’s Senate foreign affairs committee said in a statement on Friday that it unanimously supported having a Latin American candidate run the bank. Its government has yet to announce its position, but a spokesman hinted that a delay may be appropriate.

The U.S. presidential election on November 3 could see Trump losing to Democratic candidate Joe Biden, who has opposed Claver-Carone’s bid to lead the bank.