A month ago, Brazilian economist Ilan Goldfajn was elected the new president of the Inter-American Development Bank (IDB) during an extraordinary meeting of the board of directors of the Washington-born entity. In the end Today he hires, and Argentina will have a high turnout.
Argentina will have a place in the Brazilian economist’s leadership, given that economist Cecilia Todesca Bocco will represent the country in the vice-presidency of Sectors and Knowledge, Infrastructure and Energy Management, and in the new Institute of Gender and Equality.
Todesca Bocco herself said so the issue of gender will be one of the new management axes of the BID.
Goldfajn, former president of the Central Bank of Brazil, was until a month ago director for the western hemisphere of the International Monetary Fund (IMF).
The Brazilian is an old acquaintance of Argentina since he was there closely followed the renegotiation of the $55,000 program with the economic authorities of our country.
Goldfajn arrives with the support of a large majority, which includes that of Argentina, and with the promise of returning the technical profile to the financial institution. The man, a prestigious technician, has always been the Treasury’s preferred candidate, it had been proposed by outgoing President Jair Bolsonaro.
After winning the elections and after some initial doubts, the Lula government has finally decided to keep the candidate and this has facilitated the negotiation. It will be the first time in the history of the BID that it will have a Brazilian president.
Even Argentina, which is another of the countries that has never presided over the organization, wanted the position that Gustavo Béliz had sought in vain in the past.
Charles Arterburn is a seasoned business journalist for News Rebeat, where he provides comprehensive coverage of the latest trends and developments in the world of finance and economics.