Inter-American Development Bank votes to oust Trump-era presidentInter-American Development Bank votes to oust Trump-era presidentGiphy GIFGiphy GIF

Inter-American Development Bank votes to oust Trump-era president

The governors of the biggest multilateral bank focused on Latin America have voted to remove its president after an external investigation found that he had conducted an undisclosed intimate relationship with a subordinate to whom he gave two large pay rises.
The decision to oust Mauricio Claver-Carone, a controversial Trump-era appointee, as president of the Washington-based Inter-American Development Bank, was reached early Monday afternoon, three sources with knowledge of the matter told the Financial Times.
The IDB later issued a brief statement confirming that Claver-Carone “will cease to hold the office of President of the Bank, effective on September 26, 2022”.
“I’m on the cusp of being removed and to this day .
I have yet to have the legal counsel or anyone else at the bank reach out to me formally to present me the original accusation, the report, what rules I’m subject to,” he told the Financial Times.
It also said that he and the woman had failed to co-operate fully with the investigation and that the pair on at least 15 instances had stayed in hotels that exceeded the bank’s cost limits.
It did not uphold the complaint about alleged intimidation of whistleblowers.