Chief of Latin America’s Top Development Bank Faces Dismissal Vote Over Misconduct Allegations

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Chief of Latin America’s Top Development Bank Faces Dismissal Vote Over Misconduct Allegations
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Mauricio Claver-Carone, who was appointed by the Trump administration to head the Inter-American Development Bank, violated ethics rules, an investigation found

Leading member states of the Inter-American Development Bank are expected to vote to dismiss bank president Mauricio Claver-Carone after an investigation found misconduct over an undisclosed romantic relationship between him and a bank staffer, according to senior government officials of countries with large voting stakes at the bank.

A spokesman for the bank said he had no information on the vote of the bank’s board of directors. People familiar with the situation said the board recommended on Thursday that Mr. Claver-Carone be removed. The final decision on the dismissal of Mr. Claver-Carone will be made by the bank’s board of governors, which is mainly made up of finance ministers from member countries. Member states such as the U.S., Brazil, Argentina, Mexico and Colombia, which together hold more than 60% of total votes, are expected to approve the dismissal next week, the people familiar with the situation said.

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