ELECTION OF THE IDB PRESIDENT

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Election of the IDB President

The President of the IDB is elected by the Board of Governors to a five-year term, according to a set of regulations in compliance with the agreement establishing the Bank.

In order to be elected President, a candidate must receive favorable votes from IDB member countries representing a majority of total voting power, including an absolute majority of the Governors of the regional members (the 26 borrowing members countries plus Canada and the United States).

Additionally, an absolute majority of the total number of Governors, including an absolute majority of the regional members, all carrying three-fourths of the members' voting power, must participate in the election.

In September 2020, the Board of Governors elected Mauricio Claver-Carone to serve as the IDB’s fifth President. He took office on October 1, 2020, succeeding Luis Alberto Moreno (2005-2020); Enrique V. Iglesias (1988-2005); Antonio Ortiz Mena (1971-1988); and Felipe Herrera (1960-1971).