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.
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.