Argentina nominates economist Cecilia Todesca for IDB presidency

Economist Cecilia Todesca has been nominated by the Argentine government as a candidate for the presidency of the Inter-American Development Bank (IDB), a position for which she will compete with candidates from Mexico and Brazil, an official source told Reuters on Friday (11).

Todesca, 51 and current secretary of International Economic Relations, is Argentina’s candidate for the presidency of the region’s biggest creditor, following the resignation of Mauricio Claver-Carone over an investigation into an intimate relationship with a subordinate.

The announcement was made in Paris, where she is as part of the delegation accompanying President Alberto Fernández on an official trip to France to seek investment and export possibilities, but it was confirmed to Reuters by an official source, who clarified that the government will communicate it formally this Friday afternoon.

Todesca, an economist at the University of Buenos Aires and a Master in Public Administration from Columbia University in New York, who held the Argentine chair at the International Monetary Fund (IMF) during the administration of former President Néstor Kirchner, will compete with the Mexican Gerardo Esquivel and with the Brazilian candidate, Ilan Goldfajn.

The IDB president is elected by the Board of Governors to serve for a term of five years, according to the bank’s website.

To be elected president of the IDB, a candidate must have the support of several member countries of the bank, which give him an absolute majority of voting power, as well as an absolute majority of the number of member countries in the Americas.

The IDB has 26 borrowing member countries in Latin America and the Caribbean, in addition to Canada and the United States.

Source: CNN Brasil

You may also like