More Sure Votes for Moreno's Re-Election as IDB Chief

    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.

    About the author

    • Eliza Villarino

      Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.