The Board of Governors of the Inter-American Development Bank (IDB), following the unanimous recommendation by the Board of Executive Directors, has resolved that Mr. Mauricio Claver-Carone will cease to hold the office of President of the Bank, effective on September 26, 2022.
In accordance with the Bank’s Charter, the 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.
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.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.