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The Latest Breaking News from IDB

Argentina Receives $42 Bn From International Financial Institutions

Three international financial institutions announced $42 billion in fresh support for financially troubled Argentina on Friday, as its president said his country's economy will grow "like never before."

International Business Times

Trump's Pick For Latin American Envoy Was Fired From Bank For Having Affair With Woman Who Worked For Him

The Inter-American Development Bank removed Mauricio Claver-Carone after an investigation found he made employment decisions for the staffer, including salary increases

Latin Times

The U.S. is building a chip packaging supply chain in Latin America

U.S. to assist Latin America in boosting its semiconductor assembly, testing, and packaging capabilities in Mexico, Panama, and Costa Rica.

Tom’s Hardware

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IMF Approves Use Of Reserve Assets For 'Hybrid' Financial Instruments

The IMF said Wednesday that its board had voted to allow member states' IMF-issued international reserve assets to be used by multilateral development banks (MDBs) to acquire financial instruments that would stretch their balance sheets further.

International Business Times

IDB To Collaborate With Multilateral Banks On Joint Goals Statement

IDB collaborates with IMF and World Bank to align goals for global economic impact and sustainable development.

Top News

Lawmakers press for more scrutiny over China's 'malign influence' at development bank

Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean

The Independent UK

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Lula's former finance minister and close aide to leave Brazil government transition

The transition government of Brazilian President-elect Luiz Inacio Lula da Silva will no longer count on the participation of his former finance minister and close aide Guido Mantega, who asked to be removed on Thursday.

Reuters

Analysis-Brazil's tussle over bank job hints at power of Lula's leftist aides

A dust-up among aides to Brazil's president-elect over the country's choice to lead the Inter-American Development Bank (IDB) is fueling concern that hardcore leftists on his team are eclipsing the influence of more market-friendly moderates.

Reuters

Five candidates nominated ahead of Nov. 20 election to replace ousted IDB president

Five countries - Argentina, Trinidad and Tobago, Mexico, Brazil and Chile - nominated candidates for president of the Inter-American Development Bank ahead of a Nov. 20 board election, the bank said on Saturday.

Reuters

In Brazil, Lula aide seeks to delay Inter-American bank leader election

An aide to Brazilian President-elect Luiz Inacio Lula da Silva wants to delay the Nov. 20 election for leader of the Inter-American Development Bank (IDB) until next year and is seeking U.S. support for the move.

Reuters

Brazil IDB nomination meets resistance from Lula allies

Brazil's nomination to head the Inter-American Development Bank (IDB) is facing resistance among allies of leftist presidential frontrunner Luiz Inacio Lula da Silva, who want him to have a formal say if he wins office this month.

Reuters

Brazil seeks international support for IDB presidency, says Guedes

Brazilian Economy Minister Paulo Guedes said the government is seeking international support for the country's nominee to head the Inter-American Development Bank (IDB), expected to be presented in the coming days, but whose name he did not reveal.

Reuters

The Battle for Brazil’s Evangelicals

After fueling Bolsonaro’s rise, some are flocking to Lula’s camp with earthly—and heavenly—concerns.

Foreign Policy

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The Independent UK

AP: Probe finds evidence of bank boss' romance with top aide

Investigators say they found evidence a former Trump official who heads Latin America’s biggest development bank carried on a romantic relationship with his chief of staff

The Independent UK

Ex-Trump official criticizes probe into misconduct claims

A former Trump official who heads the Inter-American Development Bank is criticizing an external investigation into an anonymous complaint that he carried on an intimate relationship with a subordinate

Reuters

Unicredit Italian diamond fraud case to start anew

Proceedings involving Italian bank Unicredit over alleged fraudulent diamond sales will start again from scratch, judicial sources said on Friday, increasing the risk many of the allegations could be dropped due to time limits.

Asharq Al-Awsat

OIC Chief: Consultations to Unfreeze Afghan Funds

Secretary-general of the Organization of Islamic Cooperation (OIC) Hissein Brahim Taha has revealed that the 57-member body and the Islamic Development Bank (IDB) are negotiating with international parties to unfreeze Afghan assets. This push is meant to help resolve Afghanistan’s economic crisis. Meanwhile, Taha said the OIC is urging the…

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