The Modernization of the IDB Should Proceed
The change of leadership at the Inter-American Development Bank should not delay implementation of a sorely needed reform agenda.
Since April, a constructive reform movement at the Inter-American Development Bank (IDB) has ground to a halt due to a polemic involving then-President Mauricio Claver-Carone, who stood accused of misconduct and was fired on September 26. The Bank is now run on an interim basis by its number-two official, Reina Irene Mejía, while nominations for a permanent replacement are received and a new president is elected by the IDB’s shareholder governments. This is an unfortunate turn of events for one of the world’s major and most reputable regional development-finance institutions, which...
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