He is currently the director of the International Monetary Fund’s Western Hemisphere Department
10/25/2022
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Ilan Goldfajn — Foto: Silvia Zamboni/Valor
Brazil has officially nominated the former Central Bank President Ilan Goldfajn as a candidate to run the Inter-American Development Bank (IDB) this Monday. Valor reported the negotiation for Mr. Goldfajn to be the nominee in the last weeks. He is currently the director of the International Monetary Fund’s Western Hemisphere Department.
In a note, Economy Minister Paulo Guedes said that Mr. Goldfajn “combines broad and successful professional experience in the public sector, multilateral organizations, and the private sector, in addition to a solid academic background, which unequivocally qualifies him for the position.”
Mr. Guedes also said in the note that the “Economy Ministry, supported by the Ministry of Foreign Affairs, will take steps so that Brazil, which is the second-largest shareholder of the bank, assumes the Presidency of the IDB for the first time since its creation.” According to the minister, Brazil “is committed” to “the process of regional integration, driving the development of green infrastructure in transport, energy and telecommunications among the institution’s member countries.” The goal is to lead to a “greater integration of Latin America and the Caribbean into regional and global value chains, with expected gains in productivity, employment and income for the region.”
“In addition, it will be important to seek greater private participation wherever possible in an effort to significantly increase resource mobilization for financing the region’s sustainable development projects,” the ministry said.
The IDB has been chaired on an interim basis by Honduran Reina Irene Mejía Chacón since September, when American Mauricio Claver-Carone was removed from office following an internal investigation that revealed his involvement with a female employee. The election for the presidency of the development bank will be held on November 20.
*By Estevão Taiar — Brasília
Source: Valor International