Canada Joins Growing List of Supporters for Moreno's Re-election as IDB Chief

Luis Alberto Moreno has earned the backing of Canada for a second term as president of the Inter-American Development Bank.

“Under Mr. Moreno’s leadership, the Bank has helped regional member countries emerge from economic crisis and rebuild from natural disaster and has successfully obtained agreement on an expansion of its capital base,” said Canadian Foreign Affairs Minister Lawrence Cannon in an e-mailed statement seen by Bloomberg.

Moreno’s term began in 2005 and will end in October this year. Colombia has nominated him for re-election, according to Bloomberg.

As reported by Devex, Moreno has already won the support of Brazil and four Caribbean nations, namely Guyana, Barbados, Jamaica and the Bahamas, for another term as IDB chief.