IBD selection “more of the same”

Mexico City (EFE). — Mexican President Andrés Manuel López Obrador insisted on Monday that the Inter-American Development Bank (IDB) presidential election “is more like voting for agreement with the United States.” and a candidate is selected.

yesterday it was announced Ilan Goldfein as the first Brazilian president of the IDB for the next five years, over the Mexican economist Gerardo Esquivel.

“We want to make it clear that the election of the IDB director has not changed. It’s more like the same thing,” he said at his regular conference at the National Palace.

López Obrador pointed out that this is the same process “that has been applied throughout the neoliberal period”.

“They agree, with the approval of the United States, and so they choose. It is unfortunate that this continues, there are no changes,” he explained.

For IDB leadership elections, a candidate must be elected by a majority vote of 48 IDB member countries, as well as the support of at least 15 of the 28 regional member countries (26 borrowing countries, plus Canada and the United States). states).

Other opportunities for Esquivel outside of IDB

After Gerardo Esquivel failed to win the required number of votes for the chairmanship of the IDB, the Mexican president felt that there was still a place for him in the government he heads.

“We are going to apply for him to continue helping us. There are several options, alternatives,” he commented.

Gerardo Esquivel ends his term as deputy governor of the Bank of Mexico this year, so he hasn’t ruled out an eight-year nomination at the Mexican central bank.

However, he specified that it would be Finance and Public Credit Minister Rogelio Ramirez de la O who would talk to the Mexican economist to find out what his aspirations were.

“We are going to look for options, of course, in consultation with Gerardo (Esquivel), who is a good civil servant, trained, one of the most socially sensitive economists,” he said.

López Obrador added that they are also going to “explore other possibilities within the government itself” as well as being able to represent the country at an embassy abroad.

By Peter Kavinsky

Peter Kavinsky is the Executive Editor at