Mexico’s president, Andrés Manuel López Obrador, today (21) criticized the election of Brazilian Ilan Goldfajn as the new president of the IDB (Inter-American Development Bank) and classified the nomination as “sad”.
According to the Mexican leader, “there is no hope for the peoples of Latin America and the Caribbean” because Goldfajn’s election demonstrates that the IDB is “committed to conservatism and a neoliberal policy driven by the US government.”
The Brazilian’s election meant the defeat of Mexican candidate Gerardo Esquivel, a left-wing economist and vice president of his country’s central bank.
“We think this organization needs to change because it is not a bank that promotes the development of the peoples of Latin America and the Caribbean, especially the most needy,” he stressed.
Obrador also noted that this type of financial asset “mainly serves to save the powerful (…) is a change, and it is the public that really needs to be helped”.
Yesterday, however, Esquivel congratulated the new president of the IDB and wished him success in his new role, and thanked the Mexican government for nominating him in his favor. “The IDB is much more than a financial institution and its vision for development must be comprehensive,” said the Mexican.
Goldfajn was elected with 80% of the membership votes, returning the leadership of the organization to a Latin American. It will be the first time a Brazilian will command the institution, which was founded in 1959.
IDB is one of the main financial institutions providing long-term financing for Latin American and Caribbean countries.
source: Noticias
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.