JUST days after entering office, the People’s Progressive Party Civic (PPP/C) Administration announced its support for Mauricio Claver-Carone, who has been nominated by the United States of America for the post of President of the Inter – American Development Bank (IDB).

In a statement, the Ministry of Foreign Affairs said that Claver-Carone’s experience in senior positions of the US Treasury Department, the US National Security Council and as US Executive Director of the IMF augurs well for his presidency.

The IDB will hold elections on September 12 and 13 to succeed the current President Luis Alberto Moreno of Colombia, whose term ends on September 30, 2020.
“The nomination of Mr. Mauricio Claver-Carone demonstrates the US’ commitment to leadership in important regional institutions, and the advancing of prosperity and security in the Western Hemisphere. His leadership of the IDB is expected to strengthen its ability to deliver development impact to the region,” the Foreign Affairs Ministry said.
Claver-Carone previously served as the United States Executive Director at the International Monetary Fund (IMF), where he represented the United States, as the largest shareholder, on the IMF’s Executive Board. He also served as Senior Adviser for International Affairs at the U.S. Department.
The IDB plays a pivotal role in the progress and overall development of Guyana and the Latin America and Caribbean Region.