Inter-American Development Bank President Mauricio Claver-Carone has been removed from the post following an investigation into an alleged intimate relationship with a subordinate at the institution.
The Board of Governors of the Inter-American Development Bank (IDB), following the unanimous recommendation by the Board of Executive Directors, have fired Mauricio Claver-Carone from his position as head of the bank. This was effective on September 26.
The move came after the President failed to fully cooperate with an external investigation into charges that he had a relationship with a colleague he had allegedly favoured for promotion and pay rises.
Reuters reports that the investigation showed the only American President in the Bank’s 62-year history allegedly had an intimate relationship with the subordinate.
Executive Vice President, Reina Irene Mejía Chacón, will act as President under the direction of the Board of Executive Directors until a new President is elected.
An election will be conducted as per the Bank’s Charter and the Regulations for the Election of the President of the Bank.
Nominations for Claver-Carone's replacement were expected to begin as early as next week.
The IDB Group and its teams continue to operate normally to comply with the IDB’s mission of improving lives in Latin America and the Caribbean.