Trump’s candidate becomes president of the BID

Trump's candidate becomes president of the BID

Many have tried to prevent it: The American Mauricio Claver-Carone is now at the head of the Inter-American Development Bank.

Mauricio Claver-Carone is the new President of the Inter-American Development Bank (BID). Donald Trump’s candidate is the first American to hold this post. Trump broke the unwritten law after a person from Latin America was at the head of the BID with a vice-president from the US.

Mauricio Claver-Carone is a Miami born attorney of Cuban descent. As for his qualification as a banker, he can only refer to having advised the US Treasury Department on international affairs for a while and represented the US at the International Monetary Fund. But the fact that he is a hardliner towards Cuba and Venezuela made up for it.

In 2003 Mauricio Claver-Carone founded the lobby organization “US-Cuba Democracy PAC”, the aim of which is a change of government in Cuba. In his blog “Capitol Hill Cubans” he was the agitator against Barack Obama’s cautious opening policy towards Cuba during the tenure of Barack Obama.

In 2016 he was appointed to Donald Trump’s transition team, which organized the handover of the presidency. As of September 2018 was part of the National Security Council.

In June, Trump had put him up as a candidate for the election of the BID president. Since it was founded in 1959, the BID has had only four presidents – all of them Latinos.

Trump wants to catch votes with Claver-Carone in the Cuban and Venezuelan communities, especially in the state of Florida. “Those who have political and economic stability, transparency and a clear and reliable rule of law will benefit most from the BID”, is the credo of the new head of the bank.

The BID – based in Washington – awards around 13 billion dollars annually, primarily for the co-financing of social and infrastructure programs. In the aftermath of the coronavirus pandemic, she is considered to be an important lender for the revival of the Latin American economy.

In addition, Claver-Carone wants to develop the BID into an effective instrument against the Chinese dominance in the region. With a very small percentage, China has been a member state of the BID, but has long been Latin America’s most important trade and investment partner.

It was never questionable whether Claver-Carone would prevail, especially since he was ultimately the only candidate. Under the leadership of Argentina, a minority alliance made up of Chile, Mexico, Peru and the European Union had pushed for the vote to be postponed until after the US presidential election, thereby also betting on a possible victory for Trump’s challenger Joe Biden.

Their absence would have been enough to prevent the meeting from having a quorum. But in the end Mexico buckled and leaked that it would attend the meeting.

Whoever receives more than 50 percent of the voting rights, which are distributed according to the capital share of each of the 48 member states, is elected. The US alone holds 30 percent. And with the publicly promised support from Brazil, Colombia, Bolivia, Ecuador, Paraguay, Uruguay and a few smaller countries, Claver-Carone’s victory was guaranteed.

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