Inter-American Development Bank President Luis Alberto Moreno has gained more support for a bid to get a second term at IDB’s helm.
“Argentina, Brazil, Paraguay and Uruguay hope to work with Mr. Moreno on an agenda to strengthen the important role of the bank,” said an e-mailed statement from Argentine Foreign Ministry seen by Bloomberg. “For more than 50 years the IDB has been an important financial instrument for the promotion of development in the region.”
The countries, which make up the Mercosur trade bloc, join seven others in backing the re-election of Moreno, whose five-year term ends in October. These include Canada, Colombia, Brazil, Guyana, Barbados, Jamaica and the Bahamas.
The IDB governors, which represent 48 member countries, are due to elect the bank’s president on July 6.