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Security & Strategic Review - November 2020

Argentina’s strong stance against new IDB president

For the first time in the 60-year history of the Inter-American Development Bank (IDB), the institution is now led by a US citizen, breaking the unwritten rule that its president be from a Latin American country. Although Mauricio Claver-Carone was eventually elected to the post unchallenged in September, his nomination by US President Donald Trump’s administration in June had elicited strong criticism from a number of Latin American nations. None were so vocal as Argentina, casting doubt over the South American nation’s future relationship with the IDB under Claver-Carone’s leadership, while its failure to rally a strong Latin American opposition to the US candidate highlights divisions in the region.

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