IDB fires president after accusations of abuse of power

Inter-American Development Bank
Inter-American Development Bank headquarters
Mario Roberto Durán Ortiz

The board of governors of the Inter-American Development Bank (IDB) removed the bank’s president, Mauricio Claver-Carone, on September 26.

The move came after the president failed to fully co-operate into an external investigation into charges that he had a relationship with a colleague he had allegedly favoured for promotion and pay rises.

The board acted after executive directors voted unanimously to recommend Claver-Carone’s dismissal. The US national had been president of the IDB since

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