Latin America development bank axes chief after ethics probe
Source: Associated Press
Latin America development bank axes chief after ethics probe
By JOSHUA GOODMAN
September 26, 2022
MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics probe found he likely carried on an intimate relationship with a subordinate.
The governors from the IADB’s 48 members had until Tuesday to vote electronically on whether to sack Claver-Carone following a unanimous recommendation last week by the bank’s board to fire of the first American to lead the bank in its 63-year history.
But enough ballots had been cast by Monday afternoon to meet the necessary quorum. The IDB in a statement said that in accordance with the bank’s charter Executive Vice President Reina Mejia would take over as acting president until a new leader is chosen.
An investigation conducted at the board’s request determined that Claver-Carone violated ethics rules by giving a 40% salary increase to his chief of staff, with whom it said he likely had a romantic relationship from at least 2019, when both worked at the White House, according to a copy of the report obtained by the AP.
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Read more: https://apnews.com/article/miami-c3ebe348af9b2bc261efc85cf6e5334f
