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Bolivia endorses Mexico’s proposal for the Inter-American Bank

Bolivia endorses Mexico’s proposal for the Inter-American Bank

La Paz, Sep 30 (Prensa Latina) The president of Bolivia, Luis Arce, confirmed in a tweet his support for the candidacy of Mexican Alicia Bárcena to head the Inter-American Development Bank (IDB).

‘We support the position of the brother president of #Mexico, @lopezobrador, who proposed @aliciabarcena to head the Inter-American Development Bank #IDB’, the president wrote on his Twitter account.

Arce assured that he knows the ‘capacity, integrity, trajectory and commitment to the progress of the region’ of Bárcena, who headed the Economic Commission for Latin America and the Caribbean from 2008 to March of this year.

The head of the regional financial institution was left vacant after the recent dismissal of the American Mauricio Claver-Carone for giving two salary increases to a subordinate with whom he was romantically involved.

An assembly of 48 Governors representing an equal number of member countries elects the president of the IDB, who must obtain a majority of the voting power of the member nations.

In addition, the winner must have the support of at least 15 of the continent’s 28 countries (26 Latin American and Caribbean countries plus Canada and the United States).

The bank’s three main shareholders, Argentina, Brazil and the United States, the largest shareholders, together hold almost 53% of the voting rights. Bárcena currently serves as Mexico’s ambassador to Chile.

pgh/arm/ymr/jpm

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