Latin America development bank axes chief after ethics probe

France Nouvelles Nouvelles

Latin America development bank axes chief after ethics probe
France Dernières Nouvelles,France Actualités
  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone

The governors from the IADB's 48 members had until Tuesday to vote electronically on whether to sack Claver-Carone following a unanimous recommendation last week by the bank's boardBut enough ballots had been cast by Monday afternoon to meet the necessary quorum. The IDB in a statement said that in accordance with the bank's charter Executive Vice President Reina Mejia would take over as acting president until a new leader is chosen.

Claver-Carone has denied ever having a relationship with his top aide and said that the investigation, conducted by New York law firm Davis Polk, wasIn an interview Monday, Claver-Carone said he is considering legal action against the international financial institution for allegedly defaming his good name and violating provisions in his employment contract. He also lashed out at the Biden administration for not standing up for the due process rights of one of its citizens.

The bank’s executive board lost confidence in Claver-Carone's leadership as a result of evidence including a “contract” he and his aide purportedly drew up on the back of a place mat in the summer of 2019 while they dined at a steakhouse in Medellin, Colombia. Both were there attending the annual meeting of the Organization of American States.

While investigators found no evidence that Claver-Carone broke the bank's travel policies to cover up the purported romance, it faulted him for not fully cooperating with their probe by refusing to hand over his work phone and providing access to communications from his personal phone and email.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

WOKVNews /  🏆 247. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Future Latin American leaders using Tucson as their training groundFuture Latin American leaders using Tucson as their training groundThe University of Arizona is empowering young women from across Latin America by bringing them to Tucson.
Lire la suite »

Bond market crash foreshadows new lows for US stock market, BofA warnsBond market crash foreshadows new lows for US stock market, BofA warnsThe bond market is crashing as the Federal Reserve hikes interest rates to combat inflation, a warning sign for the U.S. stock market, according to Bank of America.
Lire la suite »

CBRE sells Left Bank retail center in Fort Worth - Dallas Business JournalCBRE sells Left Bank retail center in Fort Worth - Dallas Business JournalThe 114,120 square foot retail center, developed by Dallas-based Centergy Retail, LLC, was purchased by an institutional investor for an undisclosed price.
Lire la suite »

Get a taste of Latin American culture during Latin Restaurant Week in ChicagoGet a taste of Latin American culture during Latin Restaurant Week in Chicago'We have over 35 participating restaurants, and what they've done for you guys is create a delectable, delicious special to entice you guys to go visit them,' said Karinn Andréa Chavarria, co-founder of Latin Restaurant Week.
Lire la suite »



Render Time: 2025-03-12 17:51:38